Key Insights
Chainlink price rose as Swift advanced tokenization plans, drawing attention to blockchain infrastructure aligned with traditional financial settlement systems globally.
Swift’s ledger project involves major banks and highlights Chainlink’s role in connecting tokenized assets with existing payment and messaging networks.
Technical patterns and ongoing LINK reserve purchases combined to support near-term optimism around Chainlink price stability and recovery potential.
Chainlink price moved higher as traders responded to fresh developments tied to Swift’s tokenization strategy. The LINK token gained 5.5% to trade near 12.58 dollars, while daily trading volume expanded by about 20%, signaling renewed interest. Besides the price move, market activity reflected growing attention to infrastructure-focused digital asset projects.
Swift confirmed work on a blockchain-based ledger designed to support tokenized assets alongside existing financial systems. The project involves cooperation with more than 30 banks and aims to integrate tokenized assets into familiar settlement processes. Consequently, the initiative aligns with rising institutional demand for blockchain solutions that operate within regulated frameworks.
Importance of Swift Network
Swift remains central to global finance due to its reach across over 11,500 financial institutions in more than 200 countries. The network processes an estimated 150 trillion dollars in cross-border payments each year. Hence, any ledger designed within this ecosystem could gain immediate relevance for large-scale asset transfers.
Source: TradingView
Chainlink stands to benefit from the initiative due to its long-standing collaboration with Swift. The project plans to rely on Chainlink technology to connect blockchain ledgers with existing systems. Additionally, Chainlink already works with several institutions involved, including DTCC, Euroclear, UBS, Standard Chartered, and ANZ.
Strategic Token Purchases
Chainlink has also increased its strategic reserves through consistent LINK purchases. The network added more than 92,000 tokens this week, lifting total holdings to roughly 1.23 million tokens. Moreover, these reserves carry a market value of about 15.3 million dollars, reflecting an ongoing commitment to ecosystem development.
Chart patterns suggest the token may be setting a base after recent declines. LINK formed a double bottom near 11.77 dollars, supported by a falling wedge pattern that often signals trend exhaustion. Significantly, prices remain above key support levels, keeping rebound scenarios intact.
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