Crypto Whales Buy Chainlink (LINK) – How Does This Affect Price?

According to on-chain analytics platform Lookonchain, institutional investors and whales have accumulated Chainlink (LINK) over the past week.

Report as of July 2 revealed that 54 new wallets have collectively withdrawn 2.08 million LINK, worth approximately $30.3 million, from Binance over the past seven days.

The price of LINK suffered a decline during the June market pullback, hitting a monthly low of $13 on June 24. However chainlink the ecosystem continues to grow.

On July 1st, the Chainlink team reported for 12 integrations of six of their services on eight different blockchains.

It was too reported , that Chainlink has risen to the top spot in terms of development activity. The ranking was based on the significant events recorded, with Chainlink receiving a score of 560.6 points.

Alongside these events, Coinbase submitted application to include LINK in the list of futures contracts with the Commodity Futures Trading Commission (CFTC).

At the time of writing, Chainlink is trading at $14.58, up 5% over the past week.