European asset manager Amundi and tokenization platform Spiko launched a $100 million Spiko Amundi Overnight Swap Fund (SAFO) and selected Chainlink as the oracle infrastructure. However, LINK has failed to break through $10 since February. Despite on-chain data showing declining LINK holdings and increased ETF inflows, market sentiment remains cautious, making short-term price appreciation difficult, with institutional adoption not yet becoming a price catalyst.