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 <p>The significant “shark” tier of <a rel="noopener noreferrer nofollow" title="Chainlink" href="https://thebittimes.com/tag/chainlink.html">Chainlink</a> holders, possessing 10,000 to 100,000 $LINK tokens each, has been actively accumulating. As of now, there are 3,127 wallets within this tier, marking the highest count since December 3, 2022, reports Santiment.</p>  
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 <p>Over the last three weeks, <a rel="noopener noreferrer nofollow" title="Chainlink" href="https://thebittimes.com/tag/chainlink.html">Chainlink</a>’s on-chain data has been showing good development with renewed investor interest in the altcoin. As of press time, LINK price is trading 2.67% up at $6.37 with a market cap of $187 million. Over the last week, the LINK Price is up by 6.29% while most of the altcoins are in the red.</p> 
 <p>Another positive development for <a rel="noopener noreferrer nofollow" title="Chainlink" href="https://thebittimes.com/tag/chainlink.html">Chainlink</a> (LINK) is that despite the current price surge, investors are not looking for any profit booking. Instead, the exchange reserves for LINK have been dropping. Over the last three weeks, <a rel="noopener noreferrer nofollow" title="Chainlink" href="https://thebittimes.com/tag/chainlink.html">Chainlink</a> investors have withdrawn nearly 1.8 million LINK tokens.</p> 
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 <h3 id="a-rel-noopener-noreferrer-nofollow-title-chainlink-href-https-thebittimes-com-tag-chainlink-html-chainlink-a-conducts-tokenization-tests-with-swift-link-price-to-10"><a rel="noopener noreferrer nofollow" title="Chainlink" href="https://thebittimes.com/tag/chainlink.html">Chainlink</a> Conducts Tokenization Tests With SWIFT, LINK Price to $10?</h3> 
 <p>The whale interest in <a rel="noopener noreferrer nofollow" title="Chainlink" href="https://thebittimes.com/tag/chainlink.html">Chainlink</a> has suddenly shot up after the SWIFT Network announced on August 31st that they have successfully conducted tokenization tests in collaboration with <a rel="noopener noreferrer nofollow" title="Chainlink" href="https://thebittimes.com/tag/chainlink.html">Chainlink</a>, Citibank, and other financial institutions.</p>  
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 <p>SWIFT, the global payment processing platform, has recently unveiled the outcomes of transactional tests in which Chainlink infrastructure was employed to facilitate the transfer of tokenized value across various public and private blockchains.</p> 
 <p>From an on-chain perspective, the LINK price appears poised to regain the $10 level should the prevailing bearish sentiment across altcoins diminish.</p> 
 <p>This optimistic outlook is further substantiated by the Global In/Out of Money Around Price data, which outlines the buying price distribution among existing <a rel="noopener noreferrer nofollow" title="Chainlink" href="https://thebittimes.com/tag/chainlink.html">Chainlink</a> investors. This data indicates that once LINK’s price surpasses the $6.50 threshold, it encounters minimal resistance on its journey toward $10.</p> 
 <figure id="attachment_158674" aria-describedby="caption-attachment-158674" style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" class="size-full wp-image-158674" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201600%20491'%3E%3C/svg%3E" alt="" width="1600" height="491" data-lazy-srcset="https://cdn.thebittimes.com/images/2023/09/07/a13b063294142b03203683603a972196.webp 1600w, https://cdn.thebittimes.com/images/2023/09/07/a13b063294142b03203683603a972196.webp 300w, https://cdn.thebittimes.com/images/2023/09/07/a13b063294142b03203683603a972196.webp 1224w, https://cdn.thebittimes.com/images/2023/09/07/a13b063294142b03203683603a972196.webp 768w, https://cdn.thebittimes.com/images/2023/09/07/a13b063294142b03203683603a972196.webp 1536w, https://cdn.thebittimes.com/images/2023/09/07/a13b063294142b03203683603a972196.webp 150w" data-lazy-sizes="(max-width: 1600px) 100vw, 1600px" data-lazy-src="https://cdn.thebittimes.com/images/2023/09/07/a13b063294142b03203683603a972196.webp"> 
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  <figcaption id="caption-attachment-158674" class="wp-caption-text">
    Courtesy: IntoTheBlock 
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 <p>As shown in the above figure, approximately 67,300 addresses collectively acquired 557 million LINK tokens at an average price of $6.50. Should these strategic retail investors align their trading activities with the bullish sentiments of larger holders, it has the potential to propel the Chainlink price rally to $10.</p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/chainlink-sees-massive-accumulation-link-price-surge-to-10-tbt61838.html">https://thebittimes.com/chainlink-sees-massive-accumulation-link-price-surge-to-10-tbt61838.html</a></p>

Chainlink Sees Massive Accumulation, LINK Price Surge to $10?

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