Is Chainlink (LINK) Set for a $30 Surge? Here Are 3 On-Chain Indicators Supporting the Rally
Jakarta, Pintu News – Chainlink has risen more than 30% in the past week, with daily trading volume reaching $1.35 billion.
At the time of writing (August 13), LINK is trading around $23.50 after experiencing a 9% increase compared to the previous day’s closing price.
Citing AMB Crypto’s report, LINK may be setting up seemingly perfect conditions for a rally. On-chain and macroeconomic data are also in favor of such a price spike.
Assessing Whale Accumulation on LINK
Data from Lookonchain revealed significant buying activity backed by outflows from CEX and new spot purchases. In fact, the largest transaction was a withdrawal of 510,000 LINKs or the equivalent of $11.13 million from Binance to Compound within two days.
Read also: ETH Breaks $4,600, 5 Coin Memes Join the High Jump Today!
In addition, two other whales bought 59,560 LINK and 44,846 LINK respectively, bringing the total inflows to about $13 million. This wave of purchases came from both new and existing whales.
Daily Active Addresses also jumped to 9,410 from 5,500 a week ago, according to data from IntoTheBlock. This could also be seen as a sign of increased participation from retail and whales.
Institutions Increase LINK Exposure
Nonetheless, institutions are also starting to move in now. Chainlink’s collaboration involves global majors such as Fidelity, Swift, DTCC, Citi, JPMorgan, and BNP Paribas – positioning it as a core Web3 infrastructure provider.
According to Zach Rynes of Chainlink, Chainlink Reserve is a solution for users who want to pay in fiat but still link the economy to the token.
As a result, DEX volume has increased since the conversion took place on the decentralized exchange. The figure for such transactions reached $1.298 billion in the last 24 hours (12/8).
Chainlink is also a major contender in Wall Street tokenization, as previously suggested by the US Securities and Exchange Commission (SEC).
Besides institutional involvement, how is the current price movement positioned? Is it on the right track?
Read also: Shiba Inu Team Provides SHIB Target Predictions to Trigger Ecosystem Bull Runs
What are the Experts’ Projections?
In terms of the price chart, LINK experienced a breakout after retesting the double bottom at $18 – successfully breaking the downtrend line that started last December.
As of August 12, the price action seems to be heading towards the $30 level. However, LINK must first break and hold above $24.
Posty’s analysis calls LINK “too cheap” and sets a rather bold target of $100. In this case, Posty claims that LINK’s $15 billion market capitalization could rise to $100 billion eventually.
Apart from stablecoins, only Bitcoin , Ethereum , XRP , and Solana have reached that level so far.
That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- AMB Crypto. These are the 3 reasons why LINK’s price could rally to $30. Accessed on August 13, 2025
