In September, Chainlink reached a new record in the number of whale addresses. This coincides with growing interest in cross-chain interaction.
Record Growth of Chainlink Whale Addresses
The number of large Chainlink (LINK) holders continues to rise. According to on-chain analytics firm Alphractal, the number of wallets holding between 100,000 and 1 million LINK, as well as those holding over 1 million LINK, has surpassed 600, setting a new record. In the first days of September, whales acquired an additional 1.25 million LINK, indicating high interest in the token. Alphractal also noted that Chainlink's realized price around $15.10 could serve as an important support zone in case of a decline.
New Partnerships and CCIP Implementation
Last week, Chainlink announced a collaboration with World Liberty Finance to enhance the utility of its native token WLFI. Thanks to its Cross-Chain Interoperability Protocol (CCIP), the token can now move seamlessly across various blockchains, including Ethereum, Solana, and BNB. Chainlink reported that CCIP processed over $130 million in cross-chain transfers in a single day, with more than $106 million attributed to World Liberty Finance.
Cryptocurrency News Around Chainlink
Currently, Chainlink is trading at $22.67, which is about 57% below its all-time high. Nevertheless, daily trading volume has increased by 12%, reaching $918 million. Additionally, Bitwise Investment Advisers have submitted a preliminary prospectus for a Chainlink-related exchange-traded fund (ETF), which could attract new investors. Furthermore, Chainlink has announced a collaboration with the U.S. Department of Commerce to bring U.S. economic data on-chain.
Chainlink continues to strengthen its market position by setting new records for whale addresses and developing partnerships, highlighting the growing interest in its technology and applications in the financial sector.
