Major Accumulation: Chainlink Key Stakeholders Boost Holdings

• Chainlink stakeholders with 10K-1M coins have added 9.2M LINK, a 4.65% increase since June 24th.
• Starknet and Instruxi integrate Chainlink to enhance scalable DeFi applications and tokenization growth.

Santiment recently tweeted about the current developments in the Chainlink (LINK) coin. According to their data, important stakeholders who own between 10,000 and 1 million coins have significantly accumulated LINK during these market downturns.

Chainlink's key stakeholders with 10K-1M coins have been showing major accumulation during these suppressed markets. Since June 24th, they have added 9.2M LINK, a +4.65% increase to their collective holdings since that date. pic.twitter.com/nYBvChXhHU

— Santiment (@santimentfeed) July 12, 2024

Significant Accumulation by Chainlink Stakeholders Reflects Growing Confidence 

Specifically, since June 24th, these stakeholders have added 9.2 million LINK to their combined holdings, representing a 4.65% growth. This accumulation implies that major holders are becoming more confident in Chainlink’s prospects, even as the broader cryptocurrency market experiences turbulence.

LINK is currently trading at $13.15, up 0.90% over the last 24 hours, with a daily trading volume of $241.80 million. Despite the fact that Chainlink’s price changes are less volatile than those of other cryptocurrencies, the platform continues to improve its network and grow its partnerships.

As we previously reported, Starknet now supports Chainlink Data Feeds on its mainnet, allowing developers to create scalable and secure DeFi applications. This integration demonstrates Chainlink’s dedication to offering dependable and decentralized data solutions for the rapidly expanding DeFi sector.

Furthermore, according to a prior CNF report, Instruxi has officially entered the ChainlinkBUILD program. This is an important milestone for both projects, which aim to promote the growth and usage of tokenized assets.

Instruxi will have access to Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which allows for frictionless cross-chain token transfers, as well as early access to new product releases. This strategic alliance is expected to improve Instruxi’s capabilities and stimulate innovation in the tokenization ecosystem.

Chainlink is still an important participant in the decentralized finance (DeFi) area as it innovates and expands its ecosystem.