Chainlink Soars Over 50%, Backed by Whale Interest and Big Partnerships
Chainlink’s LINK token jumped over 50% this week, hitting a 7-month peak of $24.28. The climb raised its market value to more than $16.4 billion. Whales, large crypto investors, played a key role.
data shows the whale holdings of LINK tokens rose by 8.5% in just seven days. These wallets now own around 4.65 million LINK tokens. Whales’ buying frequently enough signals good news for retail investors looking to boost their portfolios.
- Chainlink’s new partners: Intercontinental Exchange and Swift
- Spotlight on CCIP integration with Swift for seamless blockchain connections
- Potential for further price increases if trends continue
Chainlink made headlines with partnerships. It teamed up with Intercontinental Exchange to give onchain pricing data for FX and precious metals. Another big deal is linking with Swift. This opens doors for banks to interact with blockchains using existing setups.
The technical picture for LINK looks bright too. It formed an ascending broadening wedge pattern, usually a bearish sign. Yet,LINK’s price is heading toward the upper trendline near $40. analysts see potential for a move up to $46 in the next few weeks.
chainlink’s LINK token is on an upward trend thanks to whale activity, strategic partnerships, and favorable technical signs.
