Chainlink (LINK) Shoots to $8 Amid High Whale Activity
Over the last weekend, oracle service provider Chainlink (LINK) made a strong move rallying all the way to $8. As of press time, LINK is trading at a price of $7.89 with a market cap of $3.8 billion.
The LINK price rally over the weekend came on the backdrop of strong whale activity. As per on-chain data provider Santiment, the LINK whale transactions touched a 4-month high over the weekend. It added:
“Chainlink whales have gotten quite active this weekend as market prices have teased the $8 level a few times. Saturday saw 33 different $LINK transactions exceeding a value of $1 million. This was the highest whale activity day since June 27th”.

Over the last month, Chainlink (LINK) has been on the radar of investors and crypto traders. The whale activity has remained throughout strong this month of October.
Currently, $8 serves as a strong resistance for Chainlink (LINK). A breakout above the same could set up LINK for a strong rally ahead. For a long time, Chainlink has been consolidating strong in the $6-$8 range.
In a fresh competition to Chainlink, crypto exchange Binance launched its Oracle Network last week.
Chainlink and Other Altcoins
Over the last week, the altcoin space saw a strong rally. Amid the memecoin fest, both Dogecoin (DOGE) and Shiba Inu (SHIB) saw their price pumping significantly. The DOGE is already trading at more than 100% gains on the weekly chart.
However, it has now entered a sharp correction. As of press time, Dogecoin (DOGE) is trading 8.68% down at a price of $0.12 with a market cap of $13.8 billion.
In addition to memecoin, Ethereum (ETH) witnessed a strong rally and is up nearly 20% on the weekly chart. The world’s second-largest crypto has shown clear price dominance over Bitcoin throughout this month. On-chain data provider Santiment reports:
“Ethereum’s price dominance over #Bitcoin and most of #crypto has continued as October is coming to a close. This has come following a spike in new $ETH addresses created. Address activity will likely need to recover for a confident continued rally”.
- Metaplanet Stock Surges 10% on Share Repurchase, Capital Allocation Policy
- AI Meets Smart Routing: Screx Sets a new efficiency Benchmark in DeFi
- Solana, Litecoin, HBAR ETFs by Bitwise, Canary, and Grayscale to Start Trading This Week
- Analyst Slams S&P’s ‘B-’ Rating for Strategy Inc, Says Bitcoin Treasury Model Is “Misunderstood”
- Metamask Airdrop Countdown Begins as Wallet Team Registers Token Claim Domain
- Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
- Dogecoin Price Prediction As Whales Scoop Over $300 Million- Is A Bull Run Ahead?
- Pi Coin Price Jumps 24% as 10M Tokens Exit Exchanges – Can Bulls Sustain the Momentum?
- Bitcoin Price Prediction If President Trump Announces Deal with China on October 30th- Can BTC Break $125k?
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
MEXC