Chainlink (LINK), an Oracle service provider, has seen a 5.36% increase in the last 24 hours and is currently trading at $6.56 with a market cap of $3.6 billion. Over the past week, there has been a significant increase in on-chain activity for Chainlink. Four Chainlink wallets have transferred a total of 18.75 million LINK tokens, worth $119 million, across different platforms, with 15.7 million LINK tokens being moved to Binance.
The recent surge in LINK tokens entering circulation has raised concerns about its potential impact on the token's price. Chainlink's recent partnerships with traditional financial players may have contributed to the recent price rally.
All Comments