Chainlink’s LINK Soars: Whales Dive In, Price Eyes $30!

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Oh, the drama in the world of cryptocurrencies! Chainlink’s token, LINK, is making a splash like a whale in a kiddie pool, closing in on a fresh yearly high of $26 as of Sunday. This surge is fueled by a cocktail of renewed investor enthusiasm and the ever-expanding adoption of its oracle network. 🚀💰

  • Chainlink price has resumed its strong bull run this month, much to the delight of crypto enthusiasts everywhere. 🎉
  • The newly launched LINK reserves are swelling like a balloon at a birthday party, and it’s only getting started. 🎈
  • Technical analysts are pointing their crystal balls towards more gains, possibly hitting the magical number of $30. 🔮

For those keeping score at home, LINK has jumped an impressive 123% from its lowest point this year. That’s like going from the bottom of the ocean to the surface with a single breath! 🌊💨

LINK Reserves Are Growing, and So Is the Fun!

Chainlink recently rolled out the LINK reserves feature, allowing it to funnel both on-chain and enterprise fees into a piggy bank that’s getting fatter by the day. According to data on their website, they now boast a whopping 109,663 LINK tokens in reserves. At the current price, that’s over $2.7 million, a figure that’s sure to make your head spin. 🤯

And get this: the average cost basis for these tokens was a mere $19.65. Talk about a bargain! 🛍️

But the fun doesn’t stop there. Chainlink’s Total Value Secured (TVS) has skyrocketed to over $93 billion, with a significant chunk allocated to Ethereum’s network. It’s like a digital treasure chest that keeps getting bigger and better. 💰💎

Total value secured for @chainlink is up 90% on the year

Including borrowing, there is $93.5B worth of assets deposited into or borrowed from smart contract applications secured by Chainlink oracles

– Token Relations 📊 (@Token_Relations) August 12, 2025

Chainlink isn’t just sitting pretty; it’s actively expanding its reach. The latest partnership with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is a game-changer. This collaboration will allow ICE to leverage Chainlink’s technology for forex and metals trading, proving once again that Chainlink’s tech is not just for the digital realm but is making waves in the real world too. 🌍✨

Meanwhile, the demand for LINK continues to heat up like a summer day in Arizona. The futures open interest hit a record high of $1.5 billion, a far cry from the year-to-date low of $421 million. And if you thought that was impressive, wait till you hear about the whales. These big fish have increased their LINK holdings by a staggering 68% this month, now owning a massive 5.61 million tokens. When the whales start swimming, the water gets mighty choppy! 🐳🌊

Chainlink Price Technical Analysis: A Bullish Bullseye

For the chart nerds out there, the daily timeframe chart of LINK is telling a story of resilience and strength. The token formed a double-bottom pattern at $10.97, marking the beginning of the first phase of the Elliot Wave pattern. 📈📊

Now, LINK is in the third phase, the most bullish of them all. The 50-day and 200-day moving averages have formed a golden cross, a classic sign of upward momentum. 🌞

The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are both on the rise, with bulls eyeing the key resistance level at $27.18, the highest point since January. If LINK breaks through this level, it could be off to the races, aiming for the psychological milestone of $30. 🏎️🏁

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2025-08-17 19:32