According to perpetual futures contracts on Binance, LINK has gained more than 35% to its value in the last eight days of trading, making it one of the strongest positions on the cryptocurrency market.
Such a strong rise could be tied to the link's introduction of a staking mechanism and updated roadmap. The on-chain data suggests that whales are the main buyers of the tokens. Following the release of the staking mechanism, Chainlink developers expect to reward their users, increase the community's participation in the network's growth and empower node operations.