Chainlink Whale Accumulation
Over the last two days, the 200 largest chainlink whales have been accumulating large quantities of LINK coins. They began this accumulation even before the 100% rally in the LINK price.
Wallets holding large amounts of LINK have sustained high levels, and the asset is currently stabilizing around ~$14.60 after witnessing a remarkable surge of +125% in 25 days.
Chainlink is currently experiencing some volatility. The LINK price is down by 5.09% in the last 24 hours and is currently trading around $14.30 levels.
Popular crypto analyst Ali Martinez has observed that Chainlink appears to be on the verge of breaking out from a bullish flag pattern. He sees the potential for Chainlink to advance toward the $20 mark.
SWIFT Collaborate With Chainlink To Transfer Tokenized Value
Swift and over 12 prominent financial institutions have collaborated with Chainlink to showcase the efficient and secure transfer of tokenized value across both public and private blockchains using CCIP.
Chainlink served as an enterprise abstraction layer, securely connecting the Swift network to the Ethereum Sepolia network, ensuring complete interoperability between the source and destination blockchains.
Hot Take
Amid the recent developments, Chainlink has been upgraded to an “A-” rating by crypto rating agency Weiss Crypto. This upgrade comes after Chainlink’s successful collaboration with Swift and financial institutions, showcasing the efficient and secure transfer of tokenized value. Additionally, Chainlink announced the launch of Staking v2.0, confirming the project’s development and further enhancing its value.
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