Bitcoin Cash

Solana

Read

Chainlink

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. 
Chainlink (LINK) and Solana (SOL) fell in the past week, potentially resulting in losses for some recent investors.&nbsp; 
This market movement has led some individuals to sell their holdings.&nbsp; 
Meanwhile, interest in a newer meme coin has increased, with its price reaching an all-time high over the weekend. 
<h2 class="wp-block-heading" id="crypto-whale-sells-3-67-million-worth-of-chainlink">Crypto whale sells $3.67 million worth of Chainlink</h2> 
Recent data from SpotOnChain identified a large Chainlink token transaction.&nbsp; 
The whale withdrew $3.76 million of LINK from Binance in two transactions.&nbsp; 
While the wallet still holds $1.94 million worth of LINK, some experts speculate the sale might be related to potential market downturns. 
 You might also like: <a href="https://crypto.news/chainlink-announces-the-launch-of-the-early-access-eligibility-app-for-chainlink-staking-v0-1/"> Chainlink Announces the Launch of the Early Access Eligibility App for Chainlink Staking v0.1 </a> 
This large transaction may force LINK below $17. 
Despite this, Chainlink’s trading volume has increased by 25% in the past 24 hours to $581 million, according to CoinMarketCap data.&nbsp; 
This suggests some investors continue to accumulate LINK tokens. 
<h2 class="wp-block-heading" id="solana-faces-intense-selling-pressure">Solana faces intense selling pressure&nbsp;</h2> 
Solana rallied in early 2024, reaching a high of over $118.&nbsp; 
However, it has encountered resistance and declined by 10.12% in the past week, currently trading around $103. 
This downward trend has increased selling pressure, with some analysts suggesting the price could fall below the $100 support level.&nbsp; 
In the last 24 hours, SOL fell by 5.07%.&nbsp; 
Notably, trading volume has increased by 27.26% to $2.6 billion during the same period. 
<h2 class="wp-block-heading" id="crypto-bulls-double-down-on-kangamoon">Crypto bulls double down on KangaMoon&nbsp;</h2> 
Stage one of the&nbsp;<a target="_blank" href="https://kangamoon.com/" rel="noreferrer noopener">KangaMoon</a>&nbsp;presale sold out. In stage two, KANG is trading for $0.0075. 
KangaMoon is a new meme coin that aims to offer utility beyond typical meme projects.&nbsp; 
It features a play-to-earn (P2E) game and various socialfi elements, including rewards for active players and community challenges.&nbsp; 
 You might also like: <a href="https://crypto.news/xrp-and-bitcoin-cash-disappoints-traders-explore-kangamoon/"> XRP and Bitcoin Cash disappoints; traders explore KangaMoon </a> 
The project seeks to build a community of cryptocurrency enthusiasts, attracting over 2,000 investors. 
Presale participants can purchase KANG for $0.0075 on the KangaMoon website.&nbsp; 
Early buyers receive a 15% bonus until Friday, Feb. 23. 
With over 15% of stage two already sold, some analysts speculate that KANG could experience further price increases in Q1 2024.&nbsp; 
 Read more: <a href="https://crypto.news/celestia-and-injective-bullish-kangamoon-community-driven-meme-coin-soaring/"> Celestia and Injective bullish, KangaMoon community-driven meme coin soaring </a> 
 Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Chainlink and Solana fall, bulls turn to new meme coin

Table of Contents

crypto.news

Other articles published on Feb 23, 2024

Fiverr Says Its AI Strategy “Paid Off” Amid $361.4 Million Growth in 2023

This Swiss City Will Issue $113 Million Tokenized Bond Amid CBDC Trial

Altlayer: Whale Accumulates 5.5 Mln ALT From Binance As Price Soars Nearly 10%

$FIL Crypto Price Prediction – Challenges Behind Filecoin’s Valuation

As Bitcoin (BTC) Charges On, This AVAX Metric May Signal Price Dips for Altcoins – But There’s a ...

UNI, ARB, And APT Cryptos Are Bearish, Will These Slump Further?

Join our free newsletter for daily crypto updates!