According to the data from the online analysis platform Lookonchain, institutional investors and whales have accumulated Chainlink (LINK) over the past week.
Report
As of February 54th, over the past 2.08 days, 30.3 new wallets collectively withdrew 100,000 LINK from Binance, worth approximately 1 million dollars.
The price of LINK experienced a decline during the market pullback in January, reaching a monthly low of $13 on February 24th. However, the Chainlink ecosystem continues to grow.
On January 1st, the Chainlink team reported that their six services had been integrated twelve times on eight different blockchains.
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Also reported, Chainlink has surged to the top in terms of development activity. This ranking is based on recorded significant events, with Chainlink scoring 560.6 points.
In addition to these events, Coinbase has submitted an application to the Commodity Futures Trading Commission (CFTC) to include LINK in the list of futures contracts.
At the time of writing this article, Chainlink’s trading price is $14.58, up 5% over the past week.
