According to the online analysis platform Lookonchain, institutional investors and whales have accumulated Chainlink (LINK) over the past week.
Report from July 2 reveals that 54 new wallets collectively withdrew 2.08 million LINK, valued at approximately $30.3 million, from Binance over the last seven days.
LINK’s price experienced a decline during the market downturn in June, hitting a monthly low of $13 on June 24. However, the Chainlink ecosystem continues to expand.
On July 1, the Chainlink team reported 12 integrations across six of their services on eight different blockchains.
Read more:
July Cardano Price Outlook Optimistic
Also reported that Chainlink has ranked first in development activity. The ranking was based on registered significant events, with Chainlink achieving a score of 560.6 points.
Coinbase has concurrently filed an application to include LINK on the Commodity Futures Trading Commission’s futures contracts list (CFTC).
At the time of writing, Chainlink is trading at a price of $14.58, marking a 5% increase over the past week.
