Chainlink (LINK) has reached its highest level since January 2022, reaching $29.45 on Thursday due to increasing demand from sophisticated investors. The decentralized oracle network has gained 20% over the last week and 119% over the past month, making it one of the best-performing cryptos in recent weeks.
The rally comes as LINK’s futures open interest (OI) reached an all-time high of $770.27 million, surpassing competitors such as Toncoin (TON) and TRON (TRX). Whale activity has been a key driver of LINK’s price momentum, with Trump-backed World Liberty Financial purchasing 41,335 LINK tokens worth $1 million.
Chainlink’s expanding ecosystem and latest partnerships have also contributed to its success.
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<p>The post Chainlink (LINK) Surges to 9-Month High as Institutional Demand Grows first appeared on CoinBuzzFeed.</p>
