Gate News Bot reports that as of December 3, according to CoinMarketCap data, LINK (Chainlink) is currently trading at $14.23, up 17.59% in the past 24 hours, with a high of $14.23 and a low of $11.76. The 24-hour trading volume reached $974 million. The current market capitalization is approximately $9.919 billion, an increase of $1.484 billion compared to yesterday.
Chainlink is the industry-standard oracle platform that supports decentralized finance and drives capital markets on-chain. Chainlink provides reliable external data sources for smart contracts, enabling them to securely interact with off-chain resources.
Key recent news about LINK:
1️⃣ First Chainlink Spot ETF Set to Launch
The Grayscale Chainlink Trust ETF (ticker: GLNK) has been approved by NYSE Arca and will officially begin trading this Tuesday. This is the first Chainlink (LINK)-related exchange-traded product (ETP) in the US, providing institutional investors with a new direct access channel to LINK. The ETF has a management fee rate of 0%, which is expected to attract more investor attention.
2️⃣ Exchange LINK Supply Drops to Multi-Year Low
According to CryptoQuant data, the circulating supply of LINK on exchanges has dropped to its lowest level since 2020. Historical trends show that when exchange balances decrease and the long-term accumulation trend continues, it often signals a supply squeeze, which could drive prices higher if demand increases.
3️⃣ Chainlink Reserve Continues to Accumulate LINK
The latest data from Chainlink’s official reserves show that its holdings have increased to approximately 974,000 LINK tokens, valued at about $12.89 million. The continued accumulation by the reserve reflects the project’s confidence in LINK’s long-term development and may have a positive impact on market sentiment.
From a technical perspective, the LINK price has broken through previous resistance levels, showing strong upward momentum. However, investors should remain cautious of potential short-term volatility around the initial ETF launch. On the fundamentals, Chainlink’s importance as DeFi infrastructure is rising, and its co-founder expects DeFi to achieve 100% global adoption by 2030, offering potential long-term support for LINK.
This information does not constitute investment advice. Investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Trading Volume Drops by 50% as the Altcoin Records Six Consecutive Red Monthly Closes
XRP trading volume drops by 50%, feeding bearish expectations.
The altcoin records six consecutive red monthly closes.
Could this be the longest coil for XRP before the biggest launch?
The crypto community is disheartened to see the
CryptoNewsLand42m ago
VanEck Research Head: BTC derivatives protection demand hits the 99th percentile, releasing a contrarian long setup signal
VanEck research chief Matthew Sigel noted that protective demand in the Bitcoin derivatives market has reached a historical high, suggesting the market may be suitable for establishing long positions. At the same time, he warned that high spending in the AI sector without returns could put pressure on the market.
GateNews52m ago
Bitcoin’s ‘no direction’ action may lead to heavier breakout: Analyst
Bitcoin's prolonged consolidation below $70,000 may indicate a potential rally, despite mixed analyst sentiment. While some predict a breakout, others warn of deeper bearish trends. Current trading is stagnant, with Bitcoin at $66,890.
Cointelegraph2h ago
The RWA Yield Infrastructure Trade
The essay highlights challenges in direct RWA token exposure, emphasizes the potential in leverage opportunities amid settlement delays, critiques Morpho's governance token structure, and presents Fluid as a more effective token model with stablecoin links.
CoinDesk2h ago
ETH drops 0.74% in 15 minutes: spot net outflows and fear sentiment converge to trigger selling pressure
2026-04-05 06:00 to 06:15 (UTC), ETH price oscillated in the range of 2031.63 to 2049.03 USDT, with the return rate recording -0.74% and the 15-minute amplitude at 0.85%. During this period, market attention increased, volatility intensified, and short-term capital became active.
The main driver behind this unusual move was large-scale net outflows of spot funds, with 24-hour cumulative net outflows totaling $126 million. On-chain, the number of active addresses rose to a daily high of 1.2 million, and transaction volume exceeded 1.5 million, reflecting that large holders or institutional entities accelerated asset transfers or selling during this period. The market sells
GateNews2h ago
Grayscale says 5 altcoins are at the "buy" price levels
Grayscale Investments emphasizes the potential of Sui (SUI), highlighting its programming model as suitable for organizational deployment. They see current altcoin prices, including SUI, as attractive for accumulation, signaling possible recovery as institutional demand rises.
TapChiBitcoin5h ago
