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Chainlink’s LINK Token Jumps 5% as Liquidity Inflows Surge
Chainlink’s LINK Token Jumps 5% as Liquidity Inflows Surge
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Chainlink LINK News -
Chainlink's native token LINK started the week with a 5% rally, pushing its August gains to 69%. The increase aligned with a 12% rise in dominance, hitting levels not seen since February, as investors shifted capital toward the asset.
Coinglass data shows LINK recorded its highest year-to-date spot inflows, with nearly $28 million returning to the coin on Sunday. This follows a $41 million outflow on Thursday, highlighting volatile but bullish market sentiment.
Trading volume reached multi-month lows despite the price movement, indicating accumulation by strategic holders. The token is now one of August's top performers, with its 0.45% dominance level reflecting growing institutional interest.
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