In January 2026, the cryptocurrency market is witnessing a blend of institutional milestones and emerging presale frenzy. Chainlink (LINK) has seen a 1.19% price increase to $13.15 following the Securities and Exchange Commission (SEC) approval of the Bitwise Chainlink ETF (CLNK). The ETF is scheduled to launch on the NYSE Arca in February, with waived fees on the first $500 million in assets, and will have Coinbase serve as custodian. The fund will track the CME CF Chainlink-Dollar Rate. This development comes as Chainlink's Cross-Chain Interoperability Protocol continues to handle over $27.4 billion daily across more than 70 blockchains.
Meanwhile, Avalanche (AVAX) is in a consolidation phase, with its price hovering near $13.67, down 1.2% over the past day after being rejected at the $14.30 resistance level. The token's market capitalization stands at approximately $5.99 billion, with a 24-hour trading volume of around $285 million. Technical indicators show a neutral to slightly bearish momentum, with an RSI of 48 and on-chain data indicating cautious buying sentiment.
The spotlight, however, is firmly on the Milk Mocha ($HUGS) presale, which has raised over $274,174 USDT in its Stage 10. Priced at $0.000736 per token, the presale offers a stark contrast to its planned listing price of $0.06 on Uniswap and subsequent centralized exchanges, promising potential gains of up to 100x for early investors. The project, themed around adorable bears, is building a full ecosystem that includes high-APY staking (offering up to 60% returns), play-to-earn gaming, and an NFT marketplace. It has a total supply of 1 billion tokens, with 40% allocated to the presale, and has undergone security audits by Coinsult and Solid Proof.
