Chainlink price movement this weekend was interesting as the market saw it rise unexpectedly. The crypto recorded increasing whale and shark activities leading to a spike. The oracle service provider witnessed token additions worth over $313 million on whale and shark LINK addresses. The price movement of many cryptos has been uncertain, given the volatility in the market. While many have recorded a steady climb, others have continued downward with little rallies. Related Reading: Dogecoin (DOGE) Mammoth Rally Takes Break, Why Dips Turned Attractive Before this new record, LINK price wasn’t doing well. But this past weekend saw the token shooting to $8. Currently, LINK is trading at $7.8, with a market capitalization of $3.8 billion over the last 24 hours. LINK And Other Altcoins Witness Strong Rally As October Draws The Curtain According to data from Santiment, the whale transactions on Chainlink reached a 4-month high over the weekend. The whale activities caused a spike in market activities, teasing the $8 level a few times. The whale activities remained strong all through October. Saturday recorded 33 LINK transactions worth over $1 million, the highest whale activity since June 27. Since September, Chainlink has been the target of investors and crypto traders. The $8 is a strong resistance level for Chainlink (LINK). A break in the price above the $8 level could have LINK moving upwards. Chainlink has been consolidating s...
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