This week, the altcoins crypto whales accumulated experienced significant price jumps. However, BeInCrypto observed that it appears that these whales' strategies have changed from what they accumulated in previous weeks.
The cryptocurrency market in 2024 has been a year of contrasts, marked by significant milestones and lingering economic uncertainty.
LINK's pattern, similar to Ethereum's, suggested a potential rally as Futures Open Interest hit new ATHs.
Bitcoin is facing selling above $100,000, but the repeated retest of a resistance level increases the likelihood of a breakout.
Trump-linked World Liberty Financial has acquired $3.76 million in LINK and AAVE, boosting its crypto holdings to $74.7 million.
On December 13, the price of Chainlink (LINK) reached an all-time high of $30.56, a position that it has not yet seen since January 2021. The price gained concurrent with open interest in futures, which stood at its record-high level of $770 million.
Chainlink's price surge coincides with a record $770M Futures OI.
Chainlink and Aave prices have done well, becoming some of the top crypto coins in the ongoing bull run. LINK is up by 250% from its August lows, while AAVE has surged by 600% from the year-to-date low.
With Donald Trump's crypto project buying millions worth of Ethereum, Chainlink, and Aave, these tokens have witnessed an increased demand in the crypto market. Interestingly, the Aave price has surged 45% over the week, attaining a three-year high of $383.5 just a few hours ago.
Chainlink price has embarked on a strong rally, supported by the strong Bitcoin rally, partnerships, and whale accumulation. On-chain data shows that Donald Trump's World Liberty Finance is accumulating the token as optimism of a potential partnership with Blackrock.
“I think it is a play at supporting the assets that their DeFi platform will be using," a Nansen research analyst told Decrypt.
For the second consecutive day, World Liberty Financial purchased $1 million worth of LINK.
World Liberty Financial spent $12M on ETH, LINK, and AAVE, sparking the rallies. Recent purchases include 37,052 LINK and 685.4 AAVE, boosting their market momentum.
Trump-backed World Liberty Financial's $2 million investment in Chainlink tokens, combined with major institutional partnerships and technical developments, has driven LINK's price to a three-year high of $29.45 amid record futures market activity.
New data from market intelligence firm Glassnode reveals that decentralized oracle network Chainlink (LINK) is gaining on-chain momentum as its price rises. In a new thread on the social media platform X, Glassnode says that LINK's fundamentals are improving along with its active address momentum and rising price tag.
WLFI, endorsed by Donald Trump, expands its crypto portfolio with Ethereum, Aave, and Chainlink. Key charts for ETH, LINK, and AAVE suggest potential corrections ahead.
LINK neared $30 in Asian morning hours Friday, data shows, with open interest (OI) on the token's futures zooming to record highs above $860 million.
Chainlink's token remains far from its peak, but its rapid growth this year highlights rising institutional interest and ecosystem progress.
As the World Liberty Financial (WLFI) protocol prepares to launch its core products in the secondary markets, it has attracted significant investment in the recent past. The Web3 platform backed by President-elect Donald Trump intends to disrupt the traditional banking industry with the help of existing blockchain rails.
Aave has announced the upcoming Aave V4 upgrade, which is set to improve yields for lenders.
Today, the cryptocurrency market is steady, with Bitcoin (BTC) and most major altcoins showing 1% to 2% gains in the last 24 hours. Bitcoin traded in a range, while Ethereum (ETH) rose by 1%.
Chainlink (LINK) has recently reached its highest price in two years, fueled by strong whale activity and an all-time high in open interest (OI) in futures contracts. These developments suggest that Chainlink could be on the verge of a substantial rally, with some experts predicting a possible 40% rise.
Aave (AAVE) has recently experienced a remarkable surge, climbing by 32.82% in just 24 hours to reach a 3-year high of $359. As of the latest data, Aave's price was hovering around $353, marking its highest point since 2021.
In a somewhat atypical development in the cryptosphere, on Thursday a clutch of coins and tokens surged in price while the leading one sagged on the day.
Chainlink price continued its strong rally this week, reaching a high of $29.4, its highest level since November 2021.
What's next for LINK as Trump-backed project makes a $1M bet on the altcoin?
US President-elect Donald Trump's World Liberty Financial (WLF) has made a substantial multi-million-dollar investment in Ethereum (ETH), Aave (AAVE), and Chainlink (LINK), leading to sharp price increases in AAVE and LINK. According to on-chain analysis shared by Lookonchain via X and verified through Etherscan, the fund purchased approximately $10 million in ETH, $1 million in AAVE, and $1 million in LINK on December 11.
Donald Trump's DeFi project, World Liberty Financial, invested $1 million in AAVE tokens, signaling institutional confidence amid the asset's rally.
Aave (AAVE) price has surged to its highest level since September 2021, following a 30% increase in the last 24 hours. The decentralized finance (DeFi) token has seen a sharp spike in activity, with AAVE whale accumulation injecting fresh liquidity into the cryptocurrency.
Chainlink (LINK) price is up more than 20% in the last 24 hours, reaching its highest levels in three years. The recent surge pushed LINK to approximately $28, breaking past key resistance levels and signaling renewed bullish momentum.
Digital assets displayed bullishness on Thursday as Bitcoin crossed $100,000 again, currently trading at $101,381.90. While BTC's rebound triggered significant uptrends in the altcoin space. Meanwhile, Goatseus Maximus (GOAT) and Chainlink stirred the crypto community for various reasons. Let us find out more.
Today, the altcoin season appears to be back on track after seeming to have taken a brief break. This is because the top trending altcoins have all seen their prices increase by double-digits in the last 24 hours.
TL;DR Chainlink surpassed $29 for the first time in 37 months, although it is currently at $28 after a brief retracement. Whales and institutional investors have accumulated more than 5.6 million tokens in two months, driving the price and open interest in futures to a record $770.27 million. If it surpasses $29.
AAVE, the native token of the Aave lending platform and an open-source protocol, is demonstrating positive price performance on the daily chart. AAVE has experienced the highest daily increase among the top 50 trading cryptocurrencies, demonstrating its soaring price movement.
On December 12, 2024, Chainlink (LINK) seems to be in the eyes of both whales and institutions, leading to a notable price surge in the past 24 hours. According to a whale transaction tracker on X (formerly Twitter), significant accumulation has been reported, ranging from wallet-linked Trump to whales.
Chainlink is among top gainers on Dec. 12 as its price breaks to its highest level in nearly three years, with this coming as futures open interest spiked to an all-time high.
Chainlink's price has surged significantly after the company swapped millions of USDC for ETH, LINK, and AAVE. The purchase of LINK and AAVE, valued at over $1 million each, coincided with a sudden uptick in their prices.
Uniswap joined Chainlink as a top performer, rising 8.6%.
Chainlink (LINK) has hit a new milestone in its price metrics. As spotlighted by Santiment, LINK flipped $29 for the first time in over three years.
AAVE price just hit a new yearly high of $382.11 on December 12. Is this the start of a bigger rally?
Cryptocurrencies traded in the green today as bulls flexed after Monday's crash. Amidst the optimism, Chainlink (LINK) stole the show as it touched price levels not seen since November 2021. LINK's outperformance follows massive institutional purchases. Blockchain data shows Donald Trump's World Liberty Financial (WLFI) splashed millions to purchase Chainlink, Ethereum, and AAVE.
TL;DR World Liberty Financial, linked to the Trump family, converted $12 million USDC into ETH, AAVE, and LINK, impacting market prices positively. ETH saw a 3.5% increase, AAVE surged by 19%, and LINK rose by 2% following the purchases. The project aims to integrate with leading DeFi platforms and has raised nearly $66.
Chainlink (CRYPTO: LINK) soared 22% in 24 hours, bringing its month-over-month performance to 93% as fundamental developments point to a bullish future. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Chainlink (CRYPTO: LINK) $27.80 $17.4 billion +22% +14.8% Avalanche (CRYPTO: AVAX) $49.86 $20.4 billion +9.9% -5.5% TRON (CRYPTO: TRX) $0.2963 $25.6 billion +8.2% -12.4% Trader Notes: Crypto trader Altcoin Sherpa advises traders to look for demand zones on lower timeframes, targeting $25 for short-term scalping.
Aave has surged by 32.82% over the past 24 hours to hit a 3-year high as old coins move.
The crypto market has gained 3.3% to hit a total market cap of $3.83 trillion, with Bitcoin (BTC) regaining the psychological $100,000 level. Several altcoins are also showing bullish signals, with analysts predicting higher moves for Solana (SOL), Aave (AAVE) and Chainlink (LINK).
Chainlink (LINK) is approaching $30, after expanding its presence for cross-chain and oracle services. The recent rally also coincided with a large-scale whale purchase of above $4.94M.
Chainlink (LINK) recently experienced its first weekly drop in a month, as the crypto market took a bloodbath after a strong rally. This dip is in line with other altcoins like Ethereum and Cardano, which also saw some retreat. Despite this short-term correction, many analysts believe LINK is poised for a strong rebound.