Chainlink (LINK) Accumulated by Whales, Cross-Chain Interoperability Protocol (CCIP) Drives Innovation in the Memecoin Space

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 Nine new wallets have withdrawn a total of 362,380 $LINK tokens (valued at $8.19 million) from Binance over the past 48 hours.

Chainlink whales have stepped up their game, accumulating over $44 million in $LINK during the recent market dip.

As reported by Ali Charts, on-chain data reveals that whales have been withdrawing large amounts of $LINK tokens from Binance over the past 48 hours. Nine new wallets have been identified making these withdrawals, with a total of 362,380 tokens moved, valued at $8.19 million.

Whales bought over $44 million in #Chainlink $LINK during the recent dip! pic.twitter.com/xOGc3rqc5a

— Ali (@ali_charts) December 22, 2024

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) continues to drive 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.

Shiba Inu’s layer-2 solution, Shibarium, has also integrated Chainlink as its canonical cross-chain infrastructure. This integration will facilitate smooth cross-chain applications and token interoperability.

Key Developments:

– 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 burn-and-mint program is powered by Chainlink, enabling 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, Shiba Inu is now utilizing Chainlink’s Data Streaks for high-frequency market data. This integration will enhance 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 accumulating $LINK and Chainlink solidifying its position as a leader in interoperability solutions, the future looks promising for both Chainlink and its ecosystem partners.

These developments showcase Chainlink’s growing influence across the crypto space and its potential to reshape the way blockchain networks interact.

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