Chainlink's LINK token has experienced a substantial increase of nearly 40% in the past month, reaching a high not seen in 22 months at $19.67 with a market cap of $10 billion.

The price surge is linked to the growing trend of tokenizing real-world assets, with significant LINK inflows on Binance from a specific 'Chainlink: Non-Circulating Supply' wallet.

A notable transaction involved a large investor withdrawing 2.7 million LINK tokens into 49 new wallets, including a single transfer of over $9 million in the last 10 days.

K33 Research highlights LINK as a secure investment opportunity in light of the anticipated $16 trillion market for tokenized real-world assets by 2030.

Chainlink’s technological advancements, such as the CCIP integration with Circle’s CCTP, are improving LINK's utility in cross-chain transfers, particularly of the USDC stablecoin.

The dollar value locked in LINK futures contracts has more than doubled, reaching a record $520 million, while open interest has jumped 62% to 30 million LINK, indicating a significant influx of new investments.

Despite a recent 3.3% decline in LINK's price over the past 24 hours, the long-term outlook remains positive due to the continued growth in open interest.