Grayscale’s Chainlink Trust (GLNK) has experienced a remarkable surge in value, rising by nearly 100 percent in the past week and reaching $39, with each share of the trust holding only $12 worth of LINK.
A growing number of Chainlink wallets with at least 1,000 LINK tokens are behind the recent LINK price rally to more than $12.
Oracle services provider Chainlink has been in the news as it allows US-based institutional players access to Chainlink-linked products currently trading at a 200 percent premium.
The prices of Grayscale Chainlink Trust (GLNK) have surged by almost 100 percent in the past week, reaching $39 on Monday, up from the $21 level recorded on October 31. Notably, each share of the trust represents only $12 worth of LINK, making it almost three times more expensive than the actual value of its assets. The premium increase was initially reported by Chainlink community ambassador @ChainLinkGod in a post on Tuesday.
Grayscale Chainlink Trust $GLNK trading at a 200%+ pre
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