Chainlink (LINK) has been a standout performer in recent weeks, leading gains among other cryptocurrencies. Prices have seen wild swings, rising by as much as 12% in one day and rising more than 42% in the past week to reach yearly highs. $LINK

The main drivers of this rally include the participation of South Korean exchanges Bithumb and Upbit, which purchased a large amount of LINK tokens worth approximately $9 million. However, Bithumb’s suspension of accumulation and sale of some tokens caused a sharp drop in the price of LINK, highlighting the important impact of exchange activities on the market.

In addition, some influential whale addresses are also active in the LINK market, and some addresses have begun selling LINK tokens they hold. The entity SmartMoney also participated in LINK price fluctuations, including shorting LINK.

In addition, Chainlink is preparing to launch the highly anticipated Chainlink Stake v0.2, which will provide users with more choices, enhanced security and more functional experiences, enriching the Chainlink ecosystem.