LINK Token Sees Substantial Price Surge Following Institutional Adoption and Whale Buying Activity
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Chainlink (LINK) Price: Whales Scoop Up $13M as Token Eyes $30 After Breaking $21
Chainlink has made a remarkable surge in the past week, breaking above the crucial level of $21 and now setting its sights on the $30 mark. This impressive rally is largely attributed to institutional adoption and increased buying activity from large holders.
The partnership with SWIFT, which connects over 11,000 financial institutions to both public and private blockchain networks, has been a major catalyst for this growth. The oracle network’s ability to act as a bridge between traditional banking systems and blockchain technology has made it an essential infrastructure player in the market.
Furthermore, whale buying activity has also played a significant role in fueling the price surge, with whales scooping up $13 million worth of LINK tokens. This substantial buying pressure from large holders signals confidence in the token’s potential for future growth.
Source: blockonomi.com
