INK decouples with 14% rally as Kraken integrates Ink L2 for on-chain utility

Digital tokens painted the financial landscape red on Friday as Bitcoin plunged to $115,430.

Ethereum hovers at $3,580 as XRP threatens the key support zone at $3.

While most tokens exhibited substantial bearishness, INK remained elevated with a more than 14% uptick over the past 24 hours.

INK saw a sharp uptick from $0.00007265 to $0.00008307 following a crucial announcement from the Kraken exchange.

The trading platform unveiled plans to add INK coin and Ink Layer2 to its current product suite.

The move marks a vital step toward unifying decentralized finance (DeFi) and centralized finance (CeFi), matching Cardano founder’s vision.

The Ink Foundation Board commented on the alliance, stating:

The news triggers significant market reactions.

INK price gained over 14% after the announcement, fueled by optimism about the integrations and the upcoming Ink giveaway via Kraken Drops.

It is more than your usual listing.

Kraken’s move reflects a strategic alignment with new on-chain platforms that offer real-world use cases, accessibility, and performance.

Unlocking streamlined on-chain experiences

Kraken declared that it aims to introduce a new era of utility powered by on-chain infrastructure and protocols.

With Ink and its L2 network among its primary offerings, the exchange promises unified on-chain experiences and lucrative opportunities for its international user base.

Meanwhile, Ink Foundation’s subsidiary, dedicated to governing the L2 ecosystem, will issue the INK token.

The altcoin will enjoy increased use cases as it unifies users, builders, and protocols running across the layer2 platform.

INK will be the primary medium of coordination, interaction, and exchange in an EVM-compatible, scalable environment.

The integration targets seamless transactions between decentralized instruments on INK layer2 and Kraken’s centralized ecosystem to unlock advanced on-chain payments and trading infrastructure.

According to Kraken co-CEO Arjun Sethi:

Upcoming airdrop through Kraken Drops

Kraken magnified the excitement by confirming the inclusion of INK in its Drops program, with the upcoming giveaway planned for active, eligible Kraken users.

The airdrop is generating buzz as the community prepares to participate on a platform that promises real on-chain utility.

INK price outlook

Ink’s native token displayed bullish momentum amid a broad market retreat.

It hovers at $0.0008032 after sliding from intraday highs.

However, INK needs magnified trading volumes to sustain its uptrends, especially as bears dominate the cryptocurrency space.