429 sharks traded LINK in a day, triple any other Ethereum token, buying $14.1 million
Chainlink's token was the most crowded shark trade on Ethereum as ether fell 5%. Uniswap's UNI drew under a third as many wallets, and they were net sellers.
Polymarket adds 15-minute gold and silver bets. One early window traded just $100
Polymarket has added 15-minute and one-hour Up or Down markets on gold and silver, settled by Chainlink price streams. The format began with crypto, where Chainlink says it has passed $9 billion in volume, but the metal markets start almost empty.
What is Chainlink? How DeFi gets its prices, plus CCIP and LINK staking
Smart contracts cannot see the outside world, so lending apps rely on oracles like Chainlink to tell them what ether is worth. Chainlink also moves tokens between chains through CCIP, and LINK pays and backs the node operators who do the work.
Whales sold $22.8 million of UNI while it rose 7%, and bought LINK and ARB
Big wallets used the late October bounce to sell, not buy. DeepSea's 7-day data shows whales net selling RLUSD, UNI and PEPE and making only small purchases of LINK and ARB, as bitcoin closed below $78,000 on October 29.