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Chainlink surges amid high exchange inflows and social volume

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Chainlink’s (LINK) price has constantly risen since Sept. 11, after the asset hit a local bottom of $5.7 with a market cap of $3.1 billion. LINK is up by 5% in the past 24 hours and is trading at $6.56 when writing. The asset’s market capitalization rose to $3.65 billion with a 24-hour trading volume of around $198 million. LINK price, whale activity and social volume – Sept. 18 | Source: Santiment According to data provided by the market intelligence platform Santiment, the recent surge in LINK’s price has triggered a high social volume — marking a 150% rise in the social trend after dropping for three consecutive days. You might also like: Bitcoin miner returns to Paxos $500k in mistakenly paid fees Moreover, transactions consisting of at least $100,000 worth of LINK increased by 27% in the past 24 hours, reaching 34 daily transfers, according to Santiment.  The movements come while on-chain data shows an inflow of 15.7 million tokens, worth roughly $1...

Bullish? $20 billion inflows into crypto market cap in 24 hours

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The total crypto currency market cap has seen over $20 billion capital inflow in the last 24 hours , three days after seeing over $31 billion market cap outflow on September 11, during a capitulation event that was already fully rebounded by the next day. According to data retrieved by Finbold on TradingView , the TOTAL-CRYPTOCAP index shows the 2% capital inflow from the $1.02 trillion market cap on September 13, at 16h UTC, to the local top of $1.04 trillion on September 14. At the moment of publication, the total crypto market cap is bullish at $1.036 trillion. Total Cryptocurrency Market Cap – CRYPTOCAP index. Source: TradingView Notably, this most recent inflow occurred three days after a massive capital outflow, from a $1.014 trillion market cap to $0.982 trillion in eight hours. For a $31.21 billion (-3%) drop. Analysts have pointed to capitulation signals, which could anticipate a longer-term price rebound. Best-performing crypto amid market cap inflow ...