Grayscale’s Chainlink Trust (GLNK) has soared by an impressive 65% over the past five days, driven by a sharp rise in the price of Chainlink’s LINK token. This isn’t just another crypto pump—it’s backed by a series of partnerships and strong institutional interest in the project.
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LINK Gains Momentum with Strategic Integrations
One major catalyst is Chainlink’s integration with Coinbase’s Project Diamond, a platform designed for tokenized assets and regulated by the Abu Dhabi Global Market (ADGM). This partnership allows Chainlink to provide seamless data transmission and cross-chain interoperability, making it an essential player in tokenized asset management. Angie Walker, senior executive at Chainlink Labs, touted the MENA region as “a hub for the adoption of on-chain finance.”
This isn’t Chainlink’s only win. Its growing network of partnerships includes heavyweights like Swift Network and Emirates NBD, which are integrating blockchain technology into traditional financial systems. World Liberty Financial (wLFI) recently demonstrated its confidence in Chainlink by acquiring $1 million worth of LINK tokens, showcasing strong institutional belief in the project’s future.
Whale Activity Reflects Institutional Trust
Another sign of Chainlink’s rising star? The whales are moving. Recent whale activity pushed LINK’s price past $30, while open interest hit a record $860 million, according to CryptoSlate. This level of investment indicates robust trust from both traders and institutions, which reinforces Chainlink’s position as a key player in the crypto sector.
Chainlink Is Building Bridges and Expanding Globally
Chainlink isn’t stopping at partnerships. Its Cross-Chain Interoperability Protocol (CCIP) is bridging public and private blockchains, while its presence in projects like Singapore’s Project Guardian strengthens its role in on-chain privacy solutions. Meanwhile, its expansion into the Middle East with a base in Abu Dhabi aligns with its prediction that the tokenized asset market will be worth $10 trillion by 2030.
What Is the Current Price of GLNK ETF?
At the time of writing, GLNK is sitting at $137. This marks a 65% increase over the past 5 days. For investors looking to gain exposure to Chainlink without directly purchasing LINK tokens, the GLNK ETF offers a convenient alternative.
