Decentralized Oracle Chainlink
The recent performance of cryptocurrencies has been quite strong, with prices rising over 80% in the past four weeks.
However, in addition to the price, what many people have not noticed is the significant increase in institutional investment demand for the closed-end fund Grayscale Chainlink Trust (GLNK). According to data from the Grayscale official website, the market price of GLNK has reached $39 per share. However, the underlying value of one share of GLNK is only 0.93482160 LINK (about $12.6), in other words, the current price of GLNK is over 200% premium, making its market trading price nearly three times higher than its actual value.
Since its launch in May 2022, GLNK has consistently traded at a premium of over 20%, with historical premiums reaching levels of up to 150%. It is worth noting that a significant premium does not necessarily mean that LINK will experience a significant surge. According to Zombit statistics, in the past when GLNK premiums reached their peak, the price of the LINK token even experienced varying degrees of retracement.