The crypto market is recovering and many altcoins are posting double-digit gains, while Bitcoin is losing its dominance.
Chainlink (LINK) has surged past $21, marking its highest price in seven months after launching its Treasury Strategy on August 7. The initiative systematically converts protocol revenue from both on-chain activity and enterprise fees into LINK tokens, locking them in reserve. According to Coin Edition, over $1 million in LINK has already been secured under this program.
Why This Matters
- Deflationary Impact – By locking revenue-generated LINK, the circulating supply decreases, potentially increasing scarcity and price stability.
- Institutional Appeal – This mirrors Ethereum’s EIP-1559 model, tying token value directly to network adoption and usage.
Investors will now watch for monthly Reserve purchase disclosures and protocol revenue growth, both of which could strengthen LINK’s long-term fundamentals.
Whale Accumulation Signals Growing Confidence
Whales holding between 100,000 and 1 million LINK added 4.55 million tokens (~$97 million) in early August, the largest accumulation since May 2025, according to CMC News.
Key implications:
Supply Squeeze Risk – This move represents 0.67% of total supply shifted into long-term holdings, reducing liquidity for sellers.
Bullish Sentiment – Historically, whales increase exposure ahead of major catalysts like the Reserve launch and ongoing Chainlink CCIP adoption.
Technical Outlook: Bullish Momentum Builds
At the time of writing, LINK trades at $21.03, up 7.53% in the last 24 hours, with a market cap of $14.26 billion. RSI sits at 61.75, showing strong but not overbought momentum, while the MACD remains in bullish territory.
Bullish Scenario
If LINK breaks above $24, analysts like Ali (@ali_charts) suggest it could trigger a massive rally toward $95, fueled by reduced supply and growing institutional demand.
Bearish Scenario
Failure to hold above $20 could see LINK revisit the $18–$19 support zone, especially if whale accumulation slows or revenue growth underperforms expectations.
Base Case
A consolidation phase between $20–$24 is most likely in the near term, allowing technical indicators to reset before a potential breakout.
Market Outlook
Michaël van de Poppe notes that LINK’s sustained hold above $15 and fresh seven-month high indicate “great times ahead.”
With both whale activity and new tokenomics driving sentiment, Chainlink appears positioned for a strong second half of 2025. However, traders will be closely monitoring the $24 breakout level as the key gateway to further gains.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/chainlink-news-price-hits-surges-after-treasury-strategy-launch-whats-next/