What to know:
- SAFO uses Chainlink oracles for secure, transparent token issuance, ensuring automation, reliability, and investor trust.
- LINK whales add 3.12M tokens, signaling institutional confidence and indicating potential market growth and momentum.
- LINK trades between $8 and $10, with neutral technical indicators, showing consolidation before possible price breakout.
Europe’s largest asset manager, Amundi, with €2.3 trillion in AUM, has partnered on Thursday, March 19, with fintech platform Spiko to launch SAFO, a tokenized mutual fund.
The initiative combines traditional fund expertise with blockchain technology, offering investors a secure, efficient way to access tokenized assets and modern investment solutions.
Source: Chainlink’s X Post
Powered by Chainlink, SAFO leverages decentralized oracles to ensure transparent issuance and distribution of tokenized shares. This technology enables automation, reliability, and broad access for institutional and retail investors.
The collaboration demonstrates how tokenization is transforming Europe’s financial sector, bridging traditional asset management with blockchain-driven innovation for smarter, more accessible investing.
Also Read: Chainlink (LINK) is Trading Above Key Support Setting Up Toward $10.20 Resistance
LINK Whale Surge Could Signal Upcoming Bull Run
Furthermore, the crypto analyst Ali Charts revealed that LINK saw a significant buildup last week, as whale wallets increased by 3.12 million, taking total whale positions from 275 million to 279.68 million LINK.
It appears that whales are taking a buy-the-dip approach, taking advantage of a dip in prices, unlike other retail investors who are taking a cautious approach.
Source: Ali Charts’ X Post
The continued accumulation of big holders indicates a growing belief in Chainlink’s long game. Unlike the fast-money traders, big net worth investors are a cautious lot and are moving with a purpose, which indicates their expectations of value appreciation in the future.
As LINK fluctuates in the market, the movements of the whales may be a barometer of the upcoming market mood and the strength of the Chainlink ecosystem itself.
Technical Indicators Point to Consolidation Phase
Following these milestones, LINK represents a major change in the downtrend experienced between the end of 2025 and the sideways consolidation.
According to TradingView, after touching the support point of $7.00 in early February, the token has traded between the range of $8.00 and $10.00. Currently trading at $8.97, the asset is trading below the resistance point while on a recovery path.
Source: TradingView
Technical indicators show that the market is calm and is slightly biased towards the bearish side. The MACD indicator shows that the momentum is slowing down as the bars get smaller.
The RSI is at 46.94. The market is orbiting around the price of $10.00 and is waiting to break through to start a new uptrend.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Chainlink’s Hidden Bull Potential: Could $14–$15 Trigger Rally?
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