tl;dr
Chainlink (LINK) has experienced an 8% decline in the last 24 hours, attributed to profit-taking after a brief rally above $16. However, key stakeholders have accumulated 8.3% more LINK in the past six months, potentially signaling a short-term price reversal. This accumulation coincides with a surg...
Chainlink (LINK) has declined by over 8% in the last 24 hours, attributed to profit-taking after a short-lived rally above $16. Key stakeholders have added 8.3% more LINK to their wallets in six months, potentially leading to a short-term price reversal. Chainlink's social dominance has surged, coinciding with a private meetup involving US government leaders, and wallets holding LINK have expanded to an all-time high of 438.33 million LINK. Chainlink remains the leader in development activity within the real-world assets (RWA) sector, with approximately 586 noteworthy GitHub events in the last 30 days. Abu Dhabi Global Market (ADGM) has entered into a memorandum of understanding with Chainlink to develop regulatory frameworks for tokenized assets, leveraging Chainlink’s blockchain solutions in a bid to advance its blockchain innovation initiatives. Aave DAO community has integrated Chainlink’s Smart Value Recapture (SVR) on the Ethereum Mainnet to mitigate oracle-related MEV losses, starting with an initial set of markets.
Chainlink (LINK) has experienced an 8% decline in the last 24 hours, attributed to profit-taking after a brief rally above $16. However, key stakeholders have accumulated 8.3% more LINK in the past six months, potentially signaling a short-term price reversal. This accumulation coincides with a surge in Chainlink's social dominance and discussions, especially following a private meetup involving influential US government leaders. Wallets holding between 10,000 and 10,000,000 LINK have reached an all-time high of 438.33 million LINK, representing 43.8% of the total supply. This accumulation trend underscores growing confidence among major investors amid rising social media discussions. Moreover, Chainlink leads in development activity within the real-world assets (RWA) sector, surpassing competitors like Synthetix (SNX), Maker, Dusk Foundation (DUSK), and Reserve Protocol (RSR). The Abu Dhabi Global Market (ADGM) has entered into a memorandum of understanding with Chainlink to develop regulatory frameworks for tokenized assets, leveraging Chainlink’s blockchain solutions. Additionally, the Aave DAO community has integrated Chainlink’s Smart Value Recapture (SVR) on the Ethereum Mainnet to mitigate oracle-related MEV losses.
Chainlink (LINK) has been one of the worst-performing top assets on Thursday, having declined by over 8% in the last 24 hours. This can be attributed to profit-taking after a short-lived rally above $16 earlier this week. However, key stakeholders have added 8.3% more LINK to their wallets in just six months, which could lead to a price reversal in the short-term.
LINK ACCUMULATION According to Santiment’s latest analysis, there has been a surge in Chainlink’s social dominance, which has coincided with a private meetup involving important US government leaders. Amidst these developments, wallets holding between 10,000 and 10,000,000 LINK have expanded their stash to an all-time high of 438.33 million LINK, representing 43.8% of the total supply. In fact, this cohort of whales and sharks has added 26 million LINK tokens since September 2024, while social media discussions on LINK have reached their highest levels since October 2024. Such an accumulation trend underscored growing confidence among major investors amid rising social media discussions. Meanwhile, Chainlink also remains the frontrunner in development activity within the real-world assets (RWA) sector. The decentralized oracle network has surpassed competitors like Synthetix (SNX), Maker, Dusk Foundation (DUSK), and Reserve Protocol (RSR). As per Santiment’s data, Chainlink has logged approximately 586 noteworthy GitHub events in the last 30 days, highlighting its active development efforts.
CHAINLINK ECOSYSTEM DEVELOPMENTS On the ecosystem side of things, Abu Dhabi Global Market (ADGM), the international financial hub of the UAE capital, recently entered into a memorandum of understanding with Chainlink to develop regulatory frameworks for tokenized assets. Through this partnership, ADGM will leverage Chainlink’s blockchain solutions, which include data feeds and interoperability services, in a bid to advance its blockchain innovation initiatives under its Registration Authority. Chainlink reported that its technology has facilitated more than $20 trillion in global transactions and has been adopted by some of the leading financial institutions. More recently, in a near-unanimous decision, the Aave DAO community has integrated Chainlink’s Smart Value Recapture (SVR) on the Ethereum Mainnet to mitigate oracle-related MEV losses, starting with an initial set of markets. This initiative will initially be applied to a select group of markets, but its adoption is expected to set the stage for DeFi applications to retain ME