Chainlink Eyes $15 as Zeus Capital Threatens Link Marines

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Last Updated on 23 November 2020 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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The ongoing tug of war between the Link Marines (fans on social media of the biggest DeFi coin Chainlink) and the mysterious actors behind Zeus Capital (an entity keen on destroying Chainlink and proving it is a pump and dump scam) face another chapter of battles as subpoena threats are flowing around the cryptosphere. Meanwhile the Chainlink price itself is surging higher again and eyes $15.

Advertentie.

$100k reward for information

Over the past few weeks, Zeus Capital has been busy gathering information on the so-called pump and dump market manipulation that happened over the summer. At that time, Link could be seen surging from a value of around $5 all the way to an all-time-high of some $20. When the DeFi hype collapsed in the wake of the Sushi “exit scam” and other food coins that proved lousy investments, Chainlink dropped with it. In the last few weeks though, Link has been on the rise again, never losing its place as a major crypto in the rankings.

The group behind Zeus Capital has for a while now been trying to prove that Chainlink is a scam, but thus far the market seems unwilling to bend to its demand.

In the beginning they offered sums to known crypto commentators for a negative report on Chainlink, by now they have simply announced to be:

Distributing $100,000 among whistleblowers and investors who have exposed Chainlink’s illicit and manipulative practices as part of our recently announced reward program.

A few days ago, Zeus claimed that some $22k of this sum had been distributed already. By now, the group believes It has enough evidence to move their threats in higher gear. They stated:

We are going to subpoena Twitter and Telegram to reveal the identity of the so-called $LINK Marines who took part in the outright pump and dump market manipulation this summer. Nobody will run away this time.

Chainlink and Ethereum

As Ethereum surges higher and is now well near $600, most DeFi coins seem to rise as well. Given that both work in tandem according to the smart contracts that are executed for the DeFi coins on Ethereum’s blockchain, this seems logic. However, the higher the Ethereum price, the higher the gas fees of course (although Ethereum 2.0 promises to solve at least part of that).

Chainlink has been surging in recent days and weeks and briefly touched $16, only to sell off towards a value of $13 again. At the time of writing, it is trading slightly above $15.