Chainlink Soars 30% on JPMorgan Rumor—Wall Street Finally Wakes Up to DeFi?
LINK rockets past resistance as whispers of institutional adoption hit crypto Twitter. The Oracle network’s token surged after unconfirmed reports of JPMorgan testing Chainlink’s cross-chain interoperability for—wait for it—settlement efficiency. Because nothing says ’blockchain revolution’ like helping legacy banks shave microseconds off FX trades.
Price action triggers liquidations: Bears got steamrolled as LINK’s breakout flipped $18 from resistance to support in 24 hours. Trading volume spiked 400%—half from genuine believers, half from hedge funds playing catch-up.
Make no mistake: This isn’t just another hype cycle. Chainlink’s proven enterprise adoption (SWIFT, ANZ) gives it staying power that meme coins can’t touch. But watch the fine print—when TradFi ’collaborates’ with crypto, they usually mean ’appropriates.’
Source: JPMorgan
Chainlink Could Get Rub From JPMorgan Partnership as LINK Could Soar
At the start of the year, Bank of America CEO Brian Moynihan confirmed that the bank is poised to introduce its very own stablecoin. That appears to be a sign of an emerging trend this year. Indeed, traditional finance firms are fixing their sights on greater participation in the crypto sector as the industry begins to boom.
That is taking place with a host of other firms that are forming mutually beneficial partnerships. Among them is Chainlink, which has jumped 30% as its JPMorgan cooperation could be set to send its LINK token soaring. Indeed, this critical role in tokenization development may be undeniable to investors.
According to a recent report, Chainlink was critical in the completely tokenized treasury bond transaction that took place this week. Specifically, it was finalized on the Ondo Finance platform through Chainlink’s interoperability. The development market was the first time that a major global bank connected its “system to a public blockchain.” Chainlink will be situated as the secure bridge for JPMorgan and Ondo in a key role.
That will only enhance its value within the overarching industry. Tokenization is expected to be a massive part of the future of digital assets, and Chainlink is at its center. That has already been huge for LINK, as it jumped 30% over the last 30 days, according to CoinMarketCap. If development can continue, the asset should be targeting the $20 mark in the NEAR term.
