LINK News: Token Rises 14% as Whales Scoop up $116M Tokens

ChainLink's native token, LINK, experienced a 13.6% surge over 24 hours, leading a broader crypto market recovery. This rise is attributed to significant on-chain accumulation, with 30 new wallets withdrawing $116.7 million worth of LINK since October 11th, indicating interest from high-net-worth entities. Furthermore, Chainlink Labs detailed major technology milestones and partnerships in its third-quarter review, including collaborations with Swift, DTCC, and Euroclear, alongside a pilot with the U.S. Department of Commerce. The network is positioning itself as a full-stack infrastructure layer for tokenized and real-world assets, maintaining dominance in oracle capacity with $62 billion in total value secured.

(Source：CoinDesk)