According to the online analysis platform Lookonchain, institutional investors and whales have been accumulating Chainlink (LINK) over the past week.
A report from July 2 revealed 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 pullback in June, reaching a monthly low of $13 on June 24. However, the Chainlink ecosystem continues to expand.
On July 1, the Chainlink team reported 12 integrations of six of their services across eight different blockchains.
Read more:
July Cardano Price Outlook Optimistic
Also,
report
that Chainlink has risen to first place in development activity. The ranking was based on significant events recorded, with Chainlink scoring 560.6 points.
Alongside these developments, Coinbase
has submitted
an application to include LINK on the futures contract list to the Commodity Futures Trading Commission (CFTC).
At the time of writing, Chainlink is trading at a price of $14.58, marking a 5% increase over the last week.
