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Chainlink Whales Accumulate Over $100 Million Worth of LINK Tokens Amidst Surging GitHub Development Activity

10Aug

By OLAJIDE SAMUELNo Comments

Blockchain

Chainlink Whales Accumulate Over $100 Million Worth of LINK Tokens Amidst Surging GitHub Development Activity

In a recent revelation by prominent crypto analyst Ali Martinez, the Chainlink (LINK) ecosystem has witnessed a substantial development. The focus of this development lies in the active accumulation of LINK tokens by Chainlink whales, a trend that has intensified over the past week. This strategic accumulation, amounting to an astounding 14 million LINK tokens, translates to a staggering value exceeding $100 million. https://twitter.com/ali_charts/status/1688654874248921088 Martinez's claim was substantiated by a comprehensive chart provided by Santiment, a reputable market intelligence platform renowned for its insightful on-chain analysis. The chart intricately details the accumulation patterns of Chainlink-holding whales over the past four months. Particularly noteworthy is the co...

Chainlink Airdrop Finally Arrived As 15.2M LINK To Be Distributed Towards Eligible Users

Chainlink, a decentralized oracle network, has reportedly distributed 15.2 million LINK tokens to eligible users in a recent airdrop. According to a post on Twitter, the airdrop was intended for users who had staked LINK tokens or had used Chainlink's decentralized finance (DeFi) applications. Chainlink To Airdrop Its Users The airdrop is a way for Chainlink to reward its community and incentivize participation in the network. LINK is the native cryptocurrency of the Chainlink network, which is used to pay for Oracle services and incentivize node operators. Read Also: XRP Addresses Holding at Least $100K Shoots Beyond 13K https://twitter.com/chainlirk/status/1643925367764156416 Chainlink has become a popular choice for DeFi developers and projects, as it provides a reliable and ...

Chainlink Says It Will Not Support The Fork Version Of The Ethereum After The Merge

According to the leading smart contracts infrastructure provider on the Ethereum network with an important footprint in DeFi, enterprise, and NFT/gaming arena, Chainlink has announced that the contentious fork after the merge will not be possible as this is in alignment with both the Ethereum Foundation's and the Ethereum community’s plan to upgrade from the former proof-of-work to the coming proof-of-stake. Read Also: Over 70,000 Holders Have Joined The Class-Action Lawsuit Against The SEC, Victory Is Ascertained For Ripple Read Also: Ethereum's Vitalik's Proposal To Add A Significant Amount Of Privacy To The NFT Ecosystem Has Triggered A Debate On Transparency In The Blockchain This is said, as the blockchain security experts point to the possibility of the ETH holders getting ...