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Chainlink has established multiple partnerships with notable firms; however, its native token has not yet recovered from its declines. In the last month, LINK has decreased by roughly 14%.
Surpassing the significant resistance level at $6 was an achievement considering the widespread bearish trend for altcoins this week, but the token may be set for additional gains.
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- As reported by Santiment, the “shark” category of LINK investors has been accumulating coins. Consequently, the number of wallets holding between 10K and 100K LINK has risen to levels not observed in the past nine months.
- Further examining the recent accumulation trends, the market intelligence platform noted that this group of holders has acquired an impressive $9.6 million worth of LINK tokens in just the last three days.
- Santiment’s findings also indicate that Chainlink sharks collectively possess over 0.15% of LINK’s total circulating supply.
- Additionally, there has been a rise of 98 new Chainlink wallets holding between 10K and 100K LINK tokens since September 3rd, marking an increase of more than 3.2%.
- The renewed accumulation among significant LINK holders occurs as the crypto asset trades near $6.2 at the time of this report.
- The global financial messaging network Swift recently revealed the successful transfer of tokenized value across various private and public blockchains in recent trials conducted with Chainlink.
- The oracle provider’s Cross-Chain Interoperability Protocol (CCIP), designed to facilitate the development of cross-chain applications and services, was utilized by Swift to connect with different blockchains.
- Moreover, Chainlink engaged with the Coinbase-incubated layer-2 network Base last month, broadening its integrations to a total of 12 blockchains.
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