Institutional and whale investors are showing increased interest in Chainlink (LINK), with 54 new wallets withdrawing 2.08 million LINK, worth approximately $30.3 million, from Binance over the past week, according to on-chain analytics platform Lookonchain. Despite a market retreat in June, LINK has shown strong recovery, with the two largest whale wallets moving around $2 million worth of LINK.

The Chainlink ecosystem continues to grow, with 12 new integrations across eight different chains reported on June 30. Chainlink also launched its Data Streams product on the Avalanche network last week. As of July 2, the oracle platform has 2,566 integrations, with 165 projects incorporating the Cross-Chain Interoperability Protocol (CCIP).

Chainlink's developer activity has been robust, earning it second place in Santiment's ranking. Furthermore, Coinbase has filed for a LINK futures product with the Commodity Futures Trading Commission (CFTC). Despite a downtrend since its 2024 high of $21.70, Chainlink investors remain optimistic about the asset's performance in the upcoming altseason, backed by a strong real-world asset tokenization narrative.