Chainlink Gains Momentum as Whale Accumulation Increases
Chainlink (LINK) has rebounded sharply, rising over 16% in the past 24 hours after hitting a low of $13.18. The surge pushed LINK above $16, fueled by significant accumulation among top holders.
Key highlights:
•Whale Confidence Grows – The top LINK wallets now hold 18.15% of the total supply, valued at approximately $2.93 billion.
•Rising Trading Activity – Analysts report unusually high trading volume and volatility.
•Potential Strategic Reserve Inclusion – LINK is being considered for the US Crypto Reserve, alongside assets like XRP and ADA.
However, the movement of 2.23 million LINK tokens to exchanges in recent weeks suggests potential selling pressure that could slow momentum.
Chainlink also leads development in the real-world asset sector, outperforming competitors such as Synthetix (SNX) and Dusk Foundation (DUSK). As accumulation continues, LINK’s performance will depend on whether buying pressure outweighs recent exchange inflows.
White House Crypto Summit 2025: Everything important you need to know
The White House Crypto Summit on March 7 will bring together crypto industry leaders and regulators for a night that many believe could shed more light on President Trump’s plans for crypto in the U.S. Here’s what you need to know.
According to FOX Business journalist, Eleanor Terrett , the summit will be a gathering of around 20 to 25 people at a roundtable setting hosted at the White House. The White House Crypto Summit guest list, according to insiders, will be smaller than expected, but includes major crypto industry leaders and regulators from relevant government bodies. Sources claim attendees will receive official invites from the White House via email.
President Trump will host the first White House Crypto Summit on Friday March 7. Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there! pic.twitter.com/PEynzDuAOt
Earlier this month, AI and crypto czar David Sacks shared the news on his X account, saying that the White House is gearing up to host the first crypto-focused summit on March 7.
“Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there!” said Sacks in his post .
Due to the limited list of attendees, Terret said that a “larger, invite-only reception” will be held following the meeting for those not invited to the smaller round-table meeting but still considered relevant for the development of the crypto space in the U.S .
“This is all happening in real time with plans not 100% finalized so things could change but that’s what I’m hearing at this hour,” said Terret in her post.
A number of White House officials have also confirmed their attendance, including Executive Director of Presidential Council on Digital Assets Bo Hines, AI and crypto czar David Sacks, SEC Chair Mark Uyeda, and CFTC Chair Caroline Pham. Meanwhile Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Attorney General Pam Bondi have yet to confirm their attendance at the White House Crypto Summit.
So far, around 15 crypto industry leaders from major firms like Strategy , Gemini, Coinbase, Robinhood, Ripple ( XRP ) and Crypto.com have confirmed that they will be attending the White House Crypto Summit.
On the other hand, crypto journalist Laura Shin claimed that sources say Cardano ( ADA ) Founder Charles Hoskinson has not been invited to attend the summit. Not only that, Solana ( SOL ) founder Anatoly Yakovenko also has not confirmed his attendance.
Here’s what we know so far about the upcoming White House Crypto Summit.
According to Eleanor Terrett, the list of attendees will include prominent figures from the crypto industry, which includes Strategy Chair Michael Saylor, Paradigm co-founder Matt Huang, CEO of Exodus J.P Richardson, Robinhood CEO Vlad Tenev and Gemini co-founders Tyler Winklevoss and Cameron Winklevoss.
The White House Crypto Summit will also reportedly host major industry players such as Coinbase ( BASE ) CEO Brian Armstrong, Kraken CEO Arjun Sethi, Bitcoin Magazine David Bailey, Chainlink co-founder Sergey Nazarov, Crypto.com CEO Kris Marszalek, Managing partner at Multicoin Capital Kyle Samani and World Liberty Financial co-founder Zach Witkoff.
Ripple CEO Brad Garlinghouse had been one of the first figures to confirm his attendance, not long after Sacks’ post about the summit.
“I will certainly continue to champion this while in Washington at the end of this week,” Garlinghouse had written in his March 2 post.
According to an Unchained report , inside sources claimed that Garlinghouse had been the one to convince President Trump to include Solana in the crypto reserve in order to make the inclusion of XRP in the reserve “seem more legitimate.”
When asked about the rumor, a Ripple spokesperson did not confirm nor deny it. Instead, he referred to Garlinghouse’s earlier post praising Trump’s crypto vision and emphasizing the importance of cooperation between crypto firms in reaching the industry’s goals.
However at press time, Solana founder Anatoly Yakovenko has not officially confirmed his attendance at the summit. Other crypto figureheads whose attendance status is still unclear include ARK Invest CEO Cathie Wood, Ethereum ( ETH ) co-founder Vitalik Buterin and Andreessen Horowitz co-founder Marc Andreessen.
Stablecoin firm leaders Tether ( USDT ) CEO Paolo Ardoino and Circle ( USDC ) CEO Jeremy Allaire have also stayed quiet about the White House Crypto Summit, despite stablecoin being a major element in U.S. crypto-related policy in recent months.
Moreover, according to Unchained, a White House source claimed Cardano founder Charles Hoskinson will not be invited to the White House Crypto Summit. Many traders found this odd considering ADA is among the tokens Trump listed in his plans for the U.S. Crypto Reserve. In a video posted on his account , Hoskinson said that he was initially unaware of ADA’s inclusion in Trump’s crypto reserve until the announcement came out.
The upcoming White House Crypto Summit is set to be a discussion forum where policymakers and industry experts come together to talk about the future of crypto regulations and the U.S. crypto reserve. However, while the event is symbolically important, it may not deliver instant policy changes or a major market turnaround.
As previously reported by crypto.news, Commerce Secretary Howard Lutnick hinted that Trump will talk more about how the Bitcoin strategic reserve will be executed at the White House Crypto Summit on March. 7.
Moreover, the highly-anticipated White House Crypto Summit is expected to provide clarity on the Trump administration’s regulatory plans regarding the advancement of cryptocurrency in the U.S., which could further influence the wider global landscape.