{"id":63454,"date":"2023-10-22T13:07:52","date_gmt":"2023-10-22T13:07:52","guid":{"rendered":"https:\/\/coinjournal.net\/news\/chainlink-price-link-jumps-13-to-hit-1-year-high\/"},"modified":"2023-10-22T13:07:52","modified_gmt":"2023-10-22T13:07:52","slug":"chainlink-price-link-jumps-13-to-hit-1-year-high","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/chainlink-price-link-jumps-13-to-hit-1-year-high\/","title":{"rendered":"Chainlink price: LINK jumps 13% to hit 1-year high"},"content":{"rendered":"\n<ul>\n<li dir=\"ltr\">Chainlink (LINK) price has surged more than 23% in the past week.<\/li>\n<li dir=\"ltr\">On-chain data shows LINK price soared amid whale accumulation.<\/li>\n<li dir=\"ltr\">Most of the whale accumulation and massive uptake has been on South Korea exchanges Bithumb and Upbit.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/chainlink\/\">Chainlink (LINK)<\/a> price traded above $9.75 on Sunday, hitting its highest level since May 2022 amid a positive broader crypto market. The price of LINK was up 13% in the past 24 hours and 23% in the past week at the time of writing.<\/p>\n<p dir=\"ltr\">But as LINK price eyes a retest of the $10.00 level, analysts looking at on-chain data say traders are likely to benefit if they watch out for whale activity.<\/p>\n<h2 dir=\"ltr\">Why has LINK price been soaring?<\/h2>\n<p dir=\"ltr\">Chainlink, whose oracle network is seeing staggering adoption, including after its Cross-Chain Interoperability Protocol (CCIP) went live, has been one of the top performers in the crypto market amid the latest bullish sentiment.<\/p>\n<p dir=\"ltr\">According to on-chain analytics and smart money account Lookonchain, the surge in LINK price coincided with whale accumulation and massive uptake on South Korea exchanges Bithumb and Upbit. During the price surge, data indicates the two leading Korean exchanges accumulated 945K LINK, worth about $9 million.<\/p>\n<p dir=\"ltr\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">2\/<\/p>\n<p>We noticed that during the <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LINK<\/a> price increase, Korean exchanges <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bithumb?src=hash&amp;ref_src=twsrc%5Etfw\">#Bithumb<\/a> and <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Upbit?src=hash&amp;ref_src=twsrc%5Etfw\">#Upbit<\/a> accumulated a total of 945K <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LINK<\/a> ($9M).<\/p>\n<p>The rise in <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LINK<\/a> price has a lot to do with <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bithumb?src=hash&amp;ref_src=twsrc%5Etfw\">#Bithumb<\/a> and <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Upbit?src=hash&amp;ref_src=twsrc%5Etfw\">#Upbit<\/a>.<a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/t.co\/WSDMxJ1kgb\">https:\/\/t.co\/WSDMxJ1kgb<\/a><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/t.co\/S4QxKdnry6\">https:\/\/t.co\/S4QxKdnry6<\/a> <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/t.co\/6jOAjRa5iJ\">pic.twitter.com\/6jOAjRa5iJ<\/a><\/p>\n<p>&mdash; Lookonchain (@lookonchain) <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lookonchain\/status\/1716022927437771023?ref_src=twsrc%5Etfw\">October 22, 2023<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p dir=\"ltr\">Currently, exchanges hold roughly 202.6 million LINK, which represents 20.26% of total supply and is valued at about $1.9 billion. While 37.45 million is currently staked by holders, there are &ldquo;many giant whales of $LINK,&rdquo; including one with 81 addresses holding over 11 million tokens and another with 38 addresses holding over 8.35 million LINK tokens.<\/p>\n<h2 dir=\"ltr\">Chainlink price outlook<\/h2>\n<p dir=\"ltr\">As well as the 30-day time frame, Chainlink&#8217;s native token is up over the past one-year, with its current price a 52-week high. However, while LINK\/USD has enjoyed some upside episodes year-to-date, prices were largely constrained below the $8.60 mark. Chainlink also fell to lows of $4.77 in June this year.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 700px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/media.igms.io\/2023\/09\/22\/1697979571179-d5b6b51f-f39b-4123-b0e5-4ff3613d3b37.png\" style=\"width: 700px\" class=\"fr-fic fr-dib\" width=\"700\" height=\"267\"><span class=\"fr-inner\">Chainlink price on weekly chart. Source.&nbsp;<a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/OxDKqjWO\/\">TradingView<\/a><\/span><\/p>\n<\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">On-chain data <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lookonchain\/status\/1716022931057525059\">suggests<\/a> whales could be looking for some profit deals after aggressive accumulation over the past several weeks. The outlook comes after Chainlink (LINK) whale activity soared to new highs.<\/p>\n<p dir=\"ltr\">Whale activity was also behind <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/3-reasons-why-chainlink-link-price-just-surged\/\">LINK&#8217;s surge in July<\/a>. The latest price spike is likely to attract some downside pressure.<\/p>\n<\/div>\n<p dir=\"ltr\">&ldquo;<em>This whale bought 1.25M $LINK ($9.5M) on-chain at an average price of $7.58 and has made a profit of $2.1M at the current price. Be wary of whales selling $LINK for profit<\/em>,&rdquo; Lookonchain posted on X.<\/p>\n<p dir=\"ltr\">While continued whale accumulation portends possible near-term price explosion, its likely the spike to near $10 could come with some sell-off pressure.<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/chainlink-price-link-jumps-13-to-hit-1-year-high\/\">Chainlink price: LINK jumps 13% to hit 1-year high<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>Chainlink (LINK) price has surged more than 23% in the past week. On-chain data shows LINK price soared amid whale accumulation. Most of the whale accumulation and massive uptake has been on South Korea exchanges Bithumb and Upbit. Chainlink (LINK) price traded above $9.75 on Sunday, hitting its highest level since May 2022 amid a [&#8230;]<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/chainlink-price-link-jumps-13-to-hit-1-year-high\/\">Chainlink price: LINK jumps 13% to hit 1-year high<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":63455,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[48,43],"tags":[],"class_list":["post-63454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-crypto-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chainlink price: LINK jumps 13% to hit 1-year high - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/chainlink-price-link-jumps-13-to-hit-1-year-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chainlink price: LINK jumps 13% to hit 1-year high - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"Chainlink (LINK) price has surged more than 23% in the past week. On-chain data shows LINK price soared amid whale accumulation. Most of the whale accumulation and massive uptake has been on South Korea exchanges Bithumb and Upbit. 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On-chain data shows LINK price soared amid whale accumulation. Most of the whale accumulation and massive uptake has been on South Korea exchanges Bithumb and Upbit. Chainlink (LINK) price traded above $9.75 on Sunday, hitting its highest level since May 2022 amid a [&#8230;] The post Chainlink price: LINK jumps 13% to hit 1-year high appeared first on CoinJournal.","og_url":"https:\/\/coinalsat.com\/en\/chainlink-price-link-jumps-13-to-hit-1-year-high\/","og_site_name":"CoinAlSat.com","article_publisher":"https:\/\/www.facebook.com\/coinalsat1","article_published_time":"2023-10-22T13:07:52+00:00","og_image":[{"url":"https:\/\/media.igms.io\/2023\/09\/22\/1697979571179-d5b6b51f-f39b-4123-b0e5-4ff3613d3b37.png","type":"","width":"","height":""}],"author":"Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Author","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/coinalsat.com\/en\/chainlink-price-link-jumps-13-to-hit-1-year-high\/#article","isPartOf":{"@id":"https:\/\/coinalsat.com\/en\/chainlink-price-link-jumps-13-to-hit-1-year-high\/"},"author":{"name":"Author","@id":"https:\/\/coinalsat.com\/#\/schema\/person\/6fa35040f9ef4ae108188eaeb3ef441b"},"headline":"Chainlink price: LINK jumps 13% to hit 1-year high","datePublished":"2023-10-22T13:07:52+00:00","mainEntityOfPage":{"@id":"https:\/\/coinalsat.com\/en\/chainlink-price-link-jumps-13-to-hit-1-year-high\/"},"wordCount":485,"commentCount":0,"publisher":{"@id":"https:\/\/coinalsat.com\/#organization"},"image":{"@id":"https:\/\/coinalsat.com\/en\/chainlink-price-link-jumps-13-to-hit-1-year-high\/#primaryimage"},"thumbnailUrl":"https:\/\/coinalsat.com\/wp-content\/uploads\/2023\/10\/chainlink-price-link-jumps-13-to-hit-1-year-high.png","articleSection":["Blockchain","Crypto Currency News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/coinalsat.com\/en\/chainlink-price-link-jumps-13-to-hit-1-year-high\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/coinalsat.com\/en\/chainlink-price-link-jumps-13-to-hit-1-year-high\/","url":"https:\/\/coinalsat.com\/en\/chainlink-price-link-jumps-13-to-hit-1-year-high\/","name":"Chainlink price: LINK jumps 13% to hit 1-year high - 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