Institutional Hopes for Chainlink Fizzled: Grayscale & Bitwise Scoop Up Tokens
Grayscale and Bitwise have acquired a substantial amount of Chainlink tokens, with a combined total of 1.4 million LINK.
Despite this significant purchase, the price of Chainlink has not seen a corresponding increase.
This development comes as part of a larger trend where institutional investors are increasing their involvement in the cryptocurrency market.