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Chainlink LINK Soars 50% as Whales Accumulate and Institutions Adopt
Chainlink LINK Soars 50% as Whales Accumulate and Institutions Adopt
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Chainlink LINK News -
Chainlink's LINK token has surged over 50% in the past week, hitting a 7-month high of $24.28. This rally coincides with heightened whale activity and expanding institutional adoption, including a collaboration with Intercontinental Exchange to deliver onchain pricing data for FX and precious metals.
Whale wallets have boosted their LINK holdings by 8.5% in the last 7 days, now possessing 4.65 million tokens. This accumulation indicates strong confidence in the asset's future performance, often a sign of further price gains.
The token's market cap has reached $16.4 billion, marking a 123% increase from its yearly low. Retail investors are closely monitoring these trends, as whale movements typically influence broader market sentiment.
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