CCIP 2.0 landed last night, and the current price has already run ahead by a bit.
Official figures: cross-chain collateral of over $84 billion; the value of tokens migrated in the past four months totals over $15 billion. On the chart right now it’s around 15.34. The 24-hour high touched 15.78 and the low was 13.48. It’s up nearly 9%—good news stacking up as it surges higher. My first reaction isn’t to chase; it’s to wait for it to catch its breath.
Second nail: the US spot LINK ETF (SoSoValue) saw net inflows of about $2.41 million again on Monday, with total assets rising to roughly $249 million. The channel is loading funds, but the inflow size relative to the spot market still isn’t large enough to justify going heavy right now.
I’m generally bullish, but I won’t catch falling knives. If I want to go long, I’d wait for a pullback to 14.60–14.90 and test with a light position. My first target is 15.80, then 16.50. If it breaks below 14.20 and this attempt to catch the knife fails, I’ll retreat first. Position size should be light rather than heavy—just my personal view.
$LINK
Official figures: cross-chain collateral of over $84 billion; the value of tokens migrated in the past four months totals over $15 billion. On the chart right now it’s around 15.34. The 24-hour high touched 15.78 and the low was 13.48. It’s up nearly 9%—good news stacking up as it surges higher. My first reaction isn’t to chase; it’s to wait for it to catch its breath.
Second nail: the US spot LINK ETF (SoSoValue) saw net inflows of about $2.41 million again on Monday, with total assets rising to roughly $249 million. The channel is loading funds, but the inflow size relative to the spot market still isn’t large enough to justify going heavy right now.
I’m generally bullish, but I won’t catch falling knives. If I want to go long, I’d wait for a pullback to 14.60–14.90 and test with a light position. My first target is 15.80, then 16.50. If it breaks below 14.20 and this attempt to catch the knife fails, I’ll retreat first. Position size should be light rather than heavy—just my personal view.
$LINK