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Chainlink (LINK) Rebounds as New SWIFT Integration Goes Live
In a surprising turn of events, Chainlink (LINK) has achieved the $29 price level for the first time in three years, thanks to whale activities. This upward movement is thought to be driven by retail investors dumping their tokens on the market, which were then bought up by whales seeking to capitalize on the opportunity.
According to data from WhaleStats, the cumulative value of these transactions has reached approximately 5.69 million LINK over the past few weeks. This influx of capital has led many analysts to speculate that Chainlink might be poised for a significant rebound in the near future.
The recent surge in active address counts, which has increased by a whopping 142%, could also contribute to this potential price increase. It remains to be seen how these developments will ultimately play out, but one thing is certain: the cryptocurrency market is always full of surprises.
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Source: u.today
