Chainlink LINK Faces Critical $21 Support Test Amid 2% Drop to $22.30 as Derivatives Activity Surges

Chainlink LINK News - Chainlink's LINK token is testing crucial support at $21 following a 2% decline to $22.30, while derivatives trading activity shows significant increases. This volatility coincides with a major institutional development: 21X, Europe's first regulated tokenized securities platform, has integrated Chainlink's infrastructure to bridge traditional finance with blockchain networks. 21X CEO Max Heinzle describes Chainlink as the foundational backbone for tokenized markets, highlighting growing support from global financial institutions for such initiatives. The platform's regulatory approval under European frameworks further validates Chainlink's expanding role in institutional cryptocurrency adoption. Despite short-term price pressures, this partnership emphasizes Chainlink's growing influence in capital markets, positioning the project at the forefront of the tokenization trend that's transforming how institutions engage with digital assets.