Claim BonusChainlink (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”.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Crypto.com Joins Ripple, Circle With Conditional Bank Charter Approval Amid WLFI’s Probe
- Michael Saylor Says Quantum Risk To Bitcoin Is a Decade Away, Describes it as ‘FUD’
- White House Proposes Stablecoin Rewards Compromise as CLARITY Act Odds Drop to 44%
- Trump’s Board Of Peace Eyes Dollar-Backed Stablecoin For Gaza Rebuild
- Trump’s World Liberty Financial Flags ‘Coordinated Attack’ as USD1 Stablecoin Briefly Depegs
- COIN Stock Risks Crashing to $100 as Odds of US Striking Iran Jump
- MSTR Stock Price Predictions As Michael Saylor’s Strategy Makes 100th BTC Purchase
- Top 3 Meme Coins Price Prediction As BTC Crashes Below $67k
- Top 4 Reasons Why Bitcoin Price Will Crash to $60k This Week
- COIN Stock Price Prediction: Will Coinbase Crash or Rally in Feb 2026?
- Shiba Inu Price Feb 2026: Will SHIB Rise Soon?
