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Chainlink LINK Hits 7-Month High Amid Whale Buying Spree and Enterprise Adoption Surge
Chainlink LINK Hits 7-Month High Amid Whale Buying Spree and Enterprise Adoption Surge
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Chainlink LINK News - Chainlink's LINK token has surged to its highest price level in seven months, breaking through $26 on August 18 before settling at $24.71. The 30% monthly gain outperformed all other top-15 cryptocurrencies, with derivatives markets showing strong bullish signals—LINK futures open interest reached a record $1.5 billion, marking a 60% increase year-to-date. On-chain data reveals explosive network growth, with 9,813 addresses processing LINK transfers on August 17 and over 9,600 new wallets created the following day. Whale accumulation patterns align with a steady stream of institutional partnerships, indicating accelerating enterprise adoption of Chainlink's oracle infrastructure across traditional finance sectors.
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