Well, well, well! Look who’s back from the depths of the crypto ocean! LINK, the cryptocurrency token that powers the Chainlink decentralized oracle network, decided to throw a surprise party and surged by a whopping 9% in early Friday trading! 🎉 It jumped from a low of $12.98 to a dazzling $14.41. Talk about a glow-up!
As of this very moment, LINK is strutting its stuff with an 8.39% increase in the last 24 hours, now sitting pretty at $14.27. Meanwhile, other assets are trading in the red like they just lost a game of poker. 🃏
The crypto market is like a rollercoaster this Friday, with investors trying to digest new consumer sentiment data that’s about as appetizing as a week-old sandwich. The Federal Reserve is gearing up for a meeting next week, and traders are holding their breath, hoping they don’t raise interest rates like they’re raising the roof at a disco party! 🕺
Meanwhile, Bitcoin (BTC) is having a tough time keeping its head above water, battling to stay above $83,000. It’s up 2% for the day, but let’s be real—it fell 13% in the first quarter and is nearly 30% below its all-time high from January. Ouch! 😬
But wait! Chainlink is on fire! 🔥 In the last 24 hours, it’s skyrocketed and is now the 12th largest cryptocurrency, boasting a market cap of $9.11 billion. However, it’s down 18% weekly. So, it’s like that friend who’s always late to the party but shows up with the best snacks!
506,226 LINK on the Move! 🐳
In recent hours, a massive amount of LINK has been on the move, as whales—those big fish in the crypto sea—respond to Chainlink’s price movement. 🐋
On-chain data has revealed a jaw-dropping whale transaction amid Chainlink’s recent price increase. According to SpotOnChain, a large whale splashed out $7.1 million USDC to snag 506,226 LINK at an average price of $14.03 early Friday. Talk about a shopping spree! 🛒
To fund this extravagant purchase, the whale sold 1,108.83 ETH for $2.1 million USDC and borrowed an extra $5 million USDC from Spark. It’s like taking out a loan to buy a fancy yacht! 🚤
But here’s the kicker: despite the price increase, this whale’s long position is showing an unrealized loss of $194,000. Looks like someone jumped in the pool before checking if there was water! 💦
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2025-03-14 19:21