Chainlink's LINK Token Surges to 3-Year High Following Major Investments and Partnerships

The cryptocurrency's value has nearly doubled this year, driven by whale activity, DeFi initiatives, and collaborations with traditional finance institutions.

Chainlink's LINK token reached $30.68 this week, its highest price since 2022, marking an 11% weekly gain and a 130% increase since early 2024.
World Liberty Financial, backed by Donald Trump, purchased over $2 million worth of LINK tokens this week, making it the platform's fourth-largest holding after Bitcoin, Ethereum, and Tether.
The surge in LINK's value is supported by record-high futures open interest of $860 million, signaling strong investor confidence in continued price growth.
Chainlink launched its Cross-Chain Interoperability Protocol (CCIP) on the Ronin network, facilitating transactions between Ethereum, Ronin, and Coinbase's Base blockchain.
New partnerships with Emirates NBD, SWIFT, and Coinbase's Project Diamond aim to integrate Chainlink's blockchain solutions into traditional financial systems, boosting adoption and utility.