Whales Accumulate $LINK As Chainlink Expands Cross-Chain Reach With Shiba Inu And TURBO
The post Whales Accumulate $LINK As Chainlink Expands Cross-Chain Reach With Shiba Inu And TURBO appeared on BitcoinEthereumNews.com.
The accumulation of $LINK by whales has accelerated in recent days. Nine new wallets have withdrawn a total of 362,380 $LINK tokens (valued at $8.19 million) from Binance over the past 48 hours. Whales bought over $44 million in #Chainlink $LINK during the recent dip! pic.twitter.com/xOGc3rqc5a — Ali (@ali_charts) December 22, 2024 During the recent market dip, whales purchased more than $44 million worth of Chainlink, highlighting their confidence in the asset’s potential. Whales are accumulating $LINK! We noticed 9 fresh wallets that withdrew 362,380 $LINK($8.19M) from #Binance in the last 48 hours. Address:0xdA44049389F87c1170C5e7319c9eb93acDf833040xC10396589a40438CcdF48bA1b2061a6067DAa9720x5199b3Ce02a912056ea8A460371aD83020693F6C… pic.twitter.com/vpAMR0dhbd — Lookonchain (@lookonchain) December 22, 2024 Meanwhile, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is driving innovation in the memecoin space. Shiba Inu and Turbo MemeCoin have adopted Chainlink’s Cross-Chain Token (CCT) standard, enabling seamless transfers of their tokens across multiple blockchains. Key developments include: – Shiba Inu’s SHIB, BONE, and LEASH tokens can now be transferred across 12 blockchains. – Turbo MemeCoin (TURBO) supports transfers between Ethereum and BNB Chain. – Shiba Inu’s layer-2 solution, Shibarium, has integrated Chainlink as its canonical cross-chain infrastructure. This enables smooth cross-chain applications and token interoperability. – Chainlink’s CCIP powers Shiba Inu’s burn-and-mint program, facilitating efficient token transfers. TURBO MEMECOIN & SHIBA INU EXPAND CROSS-CHAIN CAPABILITIES WITH CHAINLINK CCIP – @Shibtoken and @TurboToadToken MemeCoin projects adopted the Cross-Chain Token (CCT) standard through @Chainlink‘s Cross-Chain Interoperability Protocol (CCIP). Key Details: – Shiba Inu’s SHIB,… https://t.co/wkKVtYhVq4 pic.twitter.com/QMw0L3wJul — BSCN (@BSCNews) December 23, 2024 In addition to cross-chain functionality, Shiba Inu now utilizes Chainlink’s Data Streaks for high-frequency market data. This integration enhances transparency, decentralization, and functionality within the Shiba Inu ecosystem. Developers building on Shibarium can also leverage Chainlink’s CCIP technology to create innovative DeFi projects with built-in interoperability. The partnership underscores Chainlink’s pivotal role in advancing cross-chain technology. With whales actively…
Filed under: News - @ December 24, 2024 2:25 pm