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Chainlink

<p>Chainlink (LINK) has seen a notable surge this weekend in both its token price and number of holders. According to market intelligence platform <a href="https://twitter.com/santimentfeed/status/1721298006090367014" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>, LINK has jumped above $12.50 for the first time since April 2022.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="700" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-119-1024x700.png" alt="" class="wp-image-370942" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-119-1024x700.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-119-300x205.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-119-768x525.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-119-1536x1050.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-119-2048x1400.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-119-219x150.png 219w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-119-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-119-512x350.png 512w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-119-788x538.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-119.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p>
<p>In addition, the number of wallets holding at least 1,000 LINK tokens, currently valued at over $12,000, has reached an all-time high of 27,152. This signals growing interest in the project as more users accumulate the minimum needed to run a Chainlink node.</p>
<p>Chainlink operates as a decentralized oracle network that provides external data to blockchains. Its native LINK token powers the ecosystem and incentives. Chainlink’s oracles allow smart contracts on networks like Ethereum to access real-world data like weather or sports scores.</p>
<p>The recent price milestone for LINK comes as the broader crypto market shows potential signs of recovery after a punishing bear market.&nbsp;</p>
<p>Chainlink’s previous all-time high for price and holder count occurred in May 2021, during the tail end of the massive crypto bull run last cycle.</p>
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<p>Chainlink’s impressive rally to over $12.50 coinciding with an all-time high of 27,152 wallets holding at least 1,000 LINK may not be a coincidence. The sudden influx of addresses with sizable LINK positions likely reflects a surge of interest in running Chainlink nodes.</p>
<p>As more nodes come online, demand for the tokens increases, potentially catalyzing the price breakout. While not definitive, the timing suggests Chainlink’s rising adoption and real-world usage is fueling this uptrend. The need for trusted oracles across DeFi and crypto is growing, and Chainlink remains a leader in the space.</p>
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<p>The post <a href="https://captainaltcoin.com/is-chainlinks-soaring-price-to-12-50-linked-to-a-record-number-of-wallets-holding-1000-link/" rel="noopener noreferrer nofollow">Is Chainlink’s Soaring Price to $12.50 Linked to a Record Number of Wallets Holding 1,000 LINK?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Is Chainlink’s Soaring Price to $12.50 Linked to a Record Number of Wallets Holding 1,000 LINK?

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