CryptoMediumUpdated×2•Originally published 9 October 2026•Updated 9 October 2026•
1 min read
LINK Price Drops 8% Testing Key Support After Chainlink CCIP 2.0 Launch
Key Facts
1Chainlink launched CCIP Vault Adapters, enabling deposits into vaults from over 80 networks with a single click.
2The price of LINK fell by 5.47% to $12.62 on the day of the launch.
The LINK token price dropped 8% following the launch of the CCIP 2.0 update, as the asset faced intense selling pressure amid a market-wide cryptocurrency correction. Analyst reports indicated that the decline led the price to test a critical support level at $12.
Chainlink recorded 681 large transactions of $100,000 or more on October 8, 2026, marking a yearly high for whale activity despite the price action. While the launch of CCIP Vault Adapters enabled one-click deposits across 80 blockchain networks, LINK traded between a high of $13.36 and a low testing the $12.00 mark during the October 9, 2026 session.