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Chainlink LINK Hits Yearly High as Institutional Adoption Accelerates
Chainlink LINK Hits Yearly High as Institutional Adoption Accelerates
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Chainlink LINK News -
Chainlink's native token LINK has surged to $24.88, marking a 2.4% daily gain and an 11.11% weekly increase. The rally follows a strategic partnership with Intercontinental Exchange (ICE) to deliver real-time forex and metals data on-chain, bridging traditional finance and decentralized ecosystems.
The activation of Chainlink's on-chain reserve mechanism on August 7 has locked over 109,000 LINK tokens ($2.8M), while a whale's $21.25M purchase on August 17 further fueled momentum. LINK now faces a critical resistance level at $26.32—March 2024's peak—which could define its next bullish phase if breached.
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