With just ten days left before Trump’s inauguration, a new crypto whale has made headlines by accumulating $4.75 million worth of Chainlink ($LINK) tokens over the past two weeks, signaling strong confidence in its institutional adoption.
Between December 24 and January 10, the whale withdrew 226,300 LINK tokens from Binance at an average price of $20.98. Despite a current floating loss of $250,000, their commitment remains unwavering.
In fact, just three hours ago, they added another 81,000 LINK tokens—valued at $1.59 million—to their holdings. This loyal “Presidential Selection” fan appears to be playing the long game with Chainlink.
Chainlink’s technology is quietly becoming a cornerstone of institutional finance. While many everyday users (“normies”) remain unaware of its integration, banks and institutions have already begun leveraging its capabilities. Chainlink’s potential to link decentralized networks with real-world data is setting the stage for mainstream adoption.
The involvement of Swift, a financial messaging giant, further solidifies this trajectory. Collaborating with Chainlink since 2021 (with discussions dating back to 2016), Swift has been instrumental in defining the standard for financial interoperability. This partnership eliminates the notion of “Chainlink killers,” as eight years of development make it a vital infrastructure for the Fourth Industrial Revolution (4IR).
Swift’s role as the hub of global finance cannot be overstated. Alongside institutions like DTCC and Euroclear—also working with Chainlink—it establishes the frameworks that banks and financial institutions follow. By choosing Chainlink as its standard, Swift has essentially cemented its position as the indispensable data intermediary for the financial ecosystem.
As institutional adoption intensifies, it’s only a matter of time before widespread FOMO (fear of missing out) drives Chainlink’s price into the thousands. With Swift leading the charge, Chainlink is poised to become the backbone of a new financial era.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: fellowneko/123RF // Image Effects by Colorcinch
With $2,222,222 in liquidity fueling its presale, ShibaDino is proving that memecoins can offer more…
FTX and Alameda Research, two of the most significant players in the cryptocurrency ecosystem, have…
A significant player in the cryptocurrency market has stirred things up by gathering a large…
In a cryptocurrency market often marked by wild swings and uncertainty, $LAYER stands as a…
One of the top cryptocurrencies in the market, Ethereum ($ETH), has seen a huge rise…
Bitcoin (BTC) has long held a dominant position in the cryptocurrency market for years. However,…