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Whales Accumulate $LINK As Chainlink Expands Cross-Chain Reach With Shiba Inu And TURBO
The accumulation of $LINK by whales has accelerated in recent days, with nine new wallets withdrawing a total of 362,380 $LINK tokens (valued at $8.19 million) from Binance over the past 48 hours. This significant purchase highlights their confidence in the asset’s potential.
During the recent market dip, whales purchased more than $44 million worth of Chainlink, underscoring their trust in the project. A closer look at the data reveals that nine new wallets have withdrawn a total of 362,380 LINK tokens (valued at $8.19 million) from Binance over the past 48 hours.
In related news, Chainlink has made significant strides in its cross-chain interoperability protocol. Shiba Inu and Turbo MemeCoin have adopted Chainlink’s Cross-Chain Token standard, enabling seamless transfers of their tokens across multiple blockchains. This collaboration is expected to drive innovation in the memecoin space.
Key developments include:
* Shiba Inu’s SHIB, BONE, and LEASH tokens can now be transferred across 12 blockchains.
* Turbo MemeCoin (TURBO) supports transfers between Ethereum and BNB Chain.
* Shiba Inu’s layer-2 solution, Shibarium, has integrated Chainlink as its canonical cross-chain infrastructure. This enables smooth cross-chain applications and token interoperability.
* Chainlink’s CCIP powers Shiba Inu’s burn-and-mint program, facilitating efficient token transfers.
The integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) with Shiba Inu and Turbo MemeCoin demonstrates the growing influence of Chainlink in advancing cross-chain technology.
Source: nulltx.com
