The accumulation of $LINK by whales has accelerated in recent days. Nine new wallets have withdrawn a total of 362,380 $LINK tokens (valued at $8.19 million) from Binance over the past 48 hours.
Whales bought over $44 million in #Chainlink $LINK during the recent dip! pic.twitter.com/xOGc3rqc5a
— Ali (@ali_charts) December 22, 2024
During the recent market dip, whales purchased more than $44 million worth of Chainlink, highlighting their confidence in the asset’s potential.
Whales are accumulating $LINK!
We noticed 9 fresh wallets that withdrew 362,380 $LINK($8.19M) from #Binance in the last 48 hours.
Address:
0xdA44049389F87c1170C5e7319c9eb93acDf83304
0xC10396589a40438CcdF48bA1b2061a6067DAa972
0x5199b3Ce02a912056ea8A460371aD83020693F6C… pic.twitter.com/vpAMR0dhbd— Lookonchain (@lookonchain) December 22, 2024
Meanwhile, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is driving innovation in the memecoin space. Shiba Inu and Turbo MemeCoin have adopted Chainlink’s Cross-Chain Token (CCT) standard, enabling seamless transfers of their tokens across multiple blockchains.
Key developments include:
– Shiba Inu’s SHIB, BONE, and LEASH tokens can now be transferred across 12 blockchains.
– Turbo MemeCoin (TURBO) supports transfers between Ethereum and BNB Chain.
– Shiba Inu’s layer-2 solution, Shibarium, has integrated Chainlink as its canonical cross-chain infrastructure. This enables smooth cross-chain applications and token interoperability.
– Chainlink’s CCIP powers Shiba Inu’s burn-and-mint program, facilitating efficient token transfers.
TURBO MEMECOIN & SHIBA INU EXPAND CROSS-CHAIN CAPABILITIES WITH CHAINLINK CCIP
– @Shibtoken and @TurboToadToken MemeCoin projects adopted the Cross-Chain Token (CCT) standard through @Chainlink's Cross-Chain Interoperability Protocol (CCIP).
Key Details:
– Shiba Inu’s SHIB,… https://t.co/wkKVtYhVq4 pic.twitter.com/QMw0L3wJul
— BSCN (@BSCNews) December 23, 2024
In addition to cross-chain functionality, Shiba Inu now utilizes Chainlink’s Data Streaks for high-frequency market data. This integration enhances transparency, decentralization, and functionality within the Shiba Inu ecosystem. Developers building on Shibarium can also leverage Chainlink’s CCIP technology to create innovative DeFi projects with built-in interoperability.
The partnership underscores Chainlink’s pivotal role in advancing cross-chain technology. With whales actively accumulating $LINK and Chainlink solidifying its position as a leader in interoperability solutions, the future looks promising for both Chainlink and its ecosystem partners.
These developments showcase Chainlink’s growing influence across the crypto space and its potential to reshape the way blockchain networks interact.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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