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Chainlink LINK Jumps 12% After Mastercard Deal as $51M Worth of Tokens Leave Exchanges
Chainlink LINK Jumps 12% After Mastercard Deal as $51M Worth of Tokens Leave Exchanges
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Chainlink LINK News -
Chainlink's LINK token surged 12% this week after announcing a strategic partnership with Mastercard to integrate crypto services. This collaboration represents a major step forward in institutional adoption of blockchain oracle networks.
On-chain metrics show significant accumulation, with 3.86 million LINK (worth $51 million) moved off exchanges since June 20. Such sustained withdrawals typically indicate strong holder confidence and reduced sell-side pressure.
The token maintains robust technical support above $13 as derivatives markets show growing conviction. Spikes in open interest and trading volume accompanying the price rally suggest institutional players are positioning for further gains.
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