Chainlink (LINK) experienced a 12% drop in price in October, but despite this, whales continued to accumulate the cryptocurrency. Large LINK addresses increased in number since mid-September, with 27 additional addresses holding 100,000-1 million LINK and four wallets holding between 1-10 million LINK. While the overall crypto market downturn may have spooked retail investors, the correction did not reverse the bullish trajectory, as 16,000 wallets were added on Ethereum throughout Q3. Additionally, the supply of LINK on exchanges decreased, indicating that investors prefer to hold onto their coins rather than trade them. Chainlink also announced several new partnerships, including one with Arkham Intelligence, which provides information on real-world entities behind blockchain addresses. This partnership opens up new use cases for the intelligence firm. Thales, a protocol powering on-chain markets, integrated Chainlink Automation on the Arbitrum and Optimism mainnets, eliminating the risk of stakers forfeiting rewards. Chainlink also launched QuickStarts, apps for Web3 developers, aimed at reducing development time for common use cases in gaming and DeFi. While the price of LINK does not directly depend on partnerships, development activity on the platform attracts more retail investors and whales, increasing buying pressure and raising the asset price.

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Information	Details
Geography	Global
Countries	🇦🇲
Sentiment	neutral
Relevance Score	1
People	None
Companies	Chainlink Network, Thales, Arkham Intelligence
Currencies	Chainlink
Securities	None