ChainLink Jumps 14% as Whales Accumulate $116M Worth of LINK Tokens Since Crash

Core Insights - Chainlink's native token, LINK, experienced a significant increase of 13.6% over 24 hours, leading a broader recovery in the cryptocurrency market, which saw the CoinDesk 20 Index rise by 4.2% [1] - A report indicated that 30 new wallets withdrew a total of 6,256,893 LINK, valued at approximately $116.7 million, suggesting accumulation by high net worth entities [1] Group 1 - Chainlink Labs released its third-quarter review, highlighting major partnerships with Swift, DTCC, Euroclear, and a pilot project with the U.S. Department of Commerce to integrate government data on-chain [2] - The report emphasized Chainlink's evolution from a decentralized oracle provider to a comprehensive infrastructure layer for tokenized and real-world assets [3] Group 2 - Chainlink maintains a dominant position in the oracle market, securing a total value of $62 billion, which represents 62% of the market share, with the closest competitor, Chronicle, holding $10 billion [3]