Network activity on Chainlink surges in tandem with substantial whale transactions, reaching new highs.
Chainlink, the decentralized oracle network, has made a significant leap, surging past the $24 mark. This surge can be attributed to a combination of factors, including a rare technical indicator, substantial whale buying activity, and a broader crypto market bullish sentiment fueled by the Fed's dovish pivot in August 2025.
The key driver behind this surge is the formation of a Golden Cross, a bullish technical signal historically associated with major price rallies. In the past, such instances have brought over 2,500% gains. Whale transactions, which jumped from under 20,000 in spring 2025 to nearly 100,000 by August, further demonstrate strong institutional demand.
The Fed’s dovish policy shift in August 2025 improved liquidity and risk appetite across crypto markets, boosting LINK alongside other assets. Furthermore, Chainlink's reserve buyback program, which has accumulated millions of dollars worth of tokens, signifies ongoing confidence from the Chainlink ecosystem itself.
Looking ahead, near-term forecasts predict LINK will trade between roughly $25 and $27 in August-September 2025, with potential temporary dips to about $18-$22 later in 2025 but overall maintaining gains above $20. Some analysts, such as crypto expert Rekt Fencer, foresee a long-term surge potentially propelling LINK to between $250 and $400 by the end of 2025, representing a 10x–16x increase from current levels.
Analysts suggest LINK could aim for $70–$80 in this cycle realistically, with $100 also a possibility if adoption accelerates faster than expected. However, $600 targets are considered overly bullish.
The growing DeFi use of Chainlink’s decentralized oracle network, securing over $93 billion in total value locked compared to XRP’s smaller TVL, further supports bullish future potential.
In addition, Chainlink has launched a new product, Data Streams for US equities and ETFs. This feature gives developers access to live, contextual market data for use in tokenized stock trading, perpetual futures, and synthetic ETFs. Data Streams provides real-time pricing for major assets like CRCL, QQQ, NVDA, and MSFT across 37 blockchain networks.
The bullish sentiment is reflected in the behaviour of Chainlink's community. The number of active LINK addresses is at an eight-month high, according to Santiment. The bullish-to-bearish social sentiment ratio is the most favourable in four months, according to Santiment.
Over the past 48 hours, approximately 2 million Chainlink tokens have been withdrawn from cryptocurrency exchanges, potentially reducing immediate selling pressure on the market. As Chainlink continues to make strides in the crypto ecosystem, it is poised to reshape competitive dynamics and achieve substantial gains in the medium to long term.
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