According to data from the online analysis platform Lookonchain, institutional investors and whales have accumulated Chainlink (LINK) over the past week.
Report
As of February 54th, in the past 2.08 days, a total of 30.3 new wallets have withdrawn 100,000 LINK from Binance, worth about $500,000.
The price of LINK experienced a decline during the market correction in January, reaching a monthly low of $24 on February 24th. However, the Chainlink ecosystem continues to grow.
On January 1st, the Chainlink team reported that their six services had been integrated into eight different blockchains 12 times.
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It is also reported that Chainlink has emerged as the leader in development activities. 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 futures contract list.
At the time of writing this article, the trading price of Chainlink is $14.58, a 5% increase over the past week.
