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Chainlink

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 <p class="is-style-lead">Chainlink’s (LINK) price has constantly risen since Sept. 11, after the asset hit a local bottom of $5.7 with a market cap of $3.1 billion.</p> 
 <p>LINK is up by 5% in the past 24 hours and is trading at $6.56 when writing. The asset’s market capitalization rose to $3.65 billion with a 24-hour trading <a rel="dofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> of around $198 million.</p> 
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   LINK price, whale activity and <a rel="dofollow" title="social" href="https://thebittimes.com/tag/social.html">social</a> <a rel="dofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> – Sept. 18 | Source: Santiment
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 <p>According to data provided by the market intelligence platform Santiment, the recent <a rel="dofollow" title="surge" href="https://thebittimes.com/tag/surge.html">surge</a> in LINK’s price has triggered a high <a rel="dofollow" title="social" href="https://thebittimes.com/tag/social.html">social</a> <a rel="dofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> — marking a 150% rise in the <a rel="dofollow" title="social" href="https://thebittimes.com/tag/social.html">social</a> trend after dropping for three consecutive days.</p> 
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 <p>Moreover, transactions consisting of at least $100,000 worth of LINK increased by 27% in the past 24 hours, reaching 34 daily transfers, according to Santiment.&nbsp;</p> 
 <p>The movements come while on-chain data shows an <a rel="dofollow" title="inflow" href="https://thebittimes.com/tag/inflow.html">inflow</a> of 15.7 million tokens, worth roughly $103 million at the time of writing, to Binance. The transactions came from four addresses, cumulatively unlocking 18.75 million LINK on Sept. 16.</p> 
 <p>Of this tally, the remaining 3.05 million coins were sent to a multi-signature address labeled “0xD50f.” These transactions made the Chainlink price go for a dive from $6.36 to $6.1 in around 36 hours.&nbsp;</p> 
 <p>Furthermore, Santiment data shows that Binance’s LINK balance has reached 77.4 million after the 15.7 million transaction. Kraken and KuCoin follow Binance with 12.5 million and 2.3 million tokens, respectively.</p> 
 <p>Last week, Australia’s “Big Four” bank ANZ partnered with Chainlink to adopt its cross-chain interoperability protocol (CCIP) to facilitate cross-chain transactions to both public and private blockchains.&nbsp;</p> 
 <p>In June, the blockchain teamed up with the financial transaction giant SWIFT to integrate blockchain technology in the banking sector.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/chainlink-surges-amid-high-exchange-inflows-and-social-volume-tbt63059.html">https://thebittimes.com/chainlink-surges-amid-high-exchange-inflows-and-social-volume-tbt63059.html</a></p>

Chainlink surges amid high exchange inflows and social volume

TheBitTimes

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