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Chainlink LINK Jumps 12% After Mastercard Deal as Exchange Withdrawals Hint at Strong Accumulation
Chainlink LINK Jumps 12% After Mastercard Deal as Exchange Withdrawals Hint at Strong Accumulation
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Chainlink LINK News -
Chainlink's LINK token surged significantly following its major partnership with Mastercard, gaining 12% in the past week. The June 24 announcement detailed how Chainlink's technology will allow Mastercard's 3 billion cardholders to access crypto directly on-chain via Swapper Finance.
Market indicators point to heavy accumulation, with 3.86 million LINK ($51.26 million) withdrawn from exchanges since June 20. Derivatives markets reflected bullish momentum—open interest ROSE 0.4% to $547 million while trading volume jumped 51% to $607 million.
The token is currently holding above key support at $13, trading between $13.22-$13.31. This collaboration represents a major step in bridging traditional payment systems with decentralized finance.
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