Chainlink LINK Hits 8-Month High Amid Institutional Backing and Strategic Partnerships
Chainlink's native token LINK surged to an eight-month high, extending its weekly gains to 45%. The rally is fueled by institutional adoption and strategic partnerships, including a new deal with Intercontinental Exchange to bring forex and precious metals pricing data on-chain.
Analysts highlight Chainlink's growing role in bridging traditional finance and blockchain. The launch of the chainlink Reserve program, which uses revenue to buy back LINK, further strengthens demand. Whale activity has also spiked, signaling strong confidence in the token's potential.