BUILD

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Chainlink

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<div class="cryptonews"> 
 <p class="is-style-lead">A savvy crypto <a rel="noopener noreferrer nofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a> has turned an initial investment of 81.158k Chainlink (LINK) into 641k USDC within a <a rel="noopener noreferrer nofollow" title="month" href="https://thebittimes.com/tag/month.html">month</a>, resulting in a <a rel="noopener noreferrer nofollow" title="$200k" href="https://thebittimes.com/tag/200k.html">$200k</a> <a rel="noopener noreferrer nofollow" title="profit" href="https://thebittimes.com/tag/profit.html">profit</a>.</p> 
 <p>According to a tweet by Spot on Chain, a trader has consistently demonstrated an ability to pinpoint the exact points to&nbsp; ‘buy low and sell high,’ culminating in a $200K profit within just a month. The trade involved swapping 81.158k LINK for 641k USDC. </p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr"> A smart trader swapped 81.158K $LINK to 641K $USDC 2 hours ago and made a $200K profit in just 1 month.<br><br>He is good at trading $LINK, always buying low and selling high at the right time, and made more than $1M in the past.<br><br>Detail below pic.twitter.com/HAk41AgX4s</p>— Spot On Chain (@spotonchain) July 28, 2023 
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 <p>The <a rel="noopener noreferrer nofollow" title="trader" href="https://thebittimes.com/tag/trader.html">trader</a>’s success can be traced back to long-term investments in LINK. Accumulating 321.599k $LINK at an average price of $1.8 in 2018 and 2019 laid the foundation for future gains.</p> 
 <p>In 2022, additional investments in LINK were made, leading to a substantial profit of around $1.4m when all tokens were sold.</p> 
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 <h2 class="wp-block-heading" id="recent-partnership-and-whale-activities">Recent partnership and whale activities</h2> 
 <p>Chainlink has also made headlines for other reasons. Coinbase’s Base integration of Chainlink price feeds on its testnet represents a significant step for the platform.</p> 
 <p>This partnership aims to facilitate the development of decentralized applications (dApps) by providing off-chain data sources from Chainlink on the Ethereum blockchain ecosystem.</p> 
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 <p>Moreover, the recent activities of cryptocurrency whales have fueled excitement around LINK. Two prominent whales acquired over $5.7 million worth of Chainlink, resulting in a remarkable 15% surge in the LINK price on that day.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Chainlink price surges 15% as whales make major moves 
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 <h2 class="wp-block-heading" id="link-price-analysis">LINK Price Analysis</h2> 
 <p>LINK is currently trading at $7.9 and has experienced a drop of -1.1% over the past seven days, data from CoinGecko shows.</p> 
 <p>Despite the correction in shorter time frames, LINK has been on an upward trajectory and has experienced a 30.9% increase in 30 days.</p> 
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  <img decoding="async" loading="lazy" width="1024" height="1024" src="https://cdn.thebittimes.com/images/2023/07/28/d139221e56a5e15c737b5725f454883c.webp" alt="Crypto trader makes $200k profit on Chainlink in month - 1" class="wp-image-14181557"> 
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    Chainlink price | Source: CoinGecko 
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 <p>The market cap of Chainlink currently sits at $4.2 billion, with a circulating supply of 540 million LINK tokens. As for the price levels, resistance is seen at $8.5 to $9, while support is observed at $5.5 to $6.</p> 
 <p>The Relative Strength Index (RSI) on the weekly timeframe currently stands at 70.729, indicating the possibility of bullish momentum.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> MarketAcross and Chainlink Labs partner to support BUILD members 
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Crypto trader makes $200k profit on Chainlink in month

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