Chainlink News: Whale Crypto Buys $2.8 Million Coins, LINK Price Surges!

Jakarta, Pintu News – As reported by CoinPedia (18/8/25), the price of Chainlink (LINK) continued its rally, rising to $24.88 after gaining 2.4% since yesterday and 11.11% throughout the week.

This surge comes as Chainlink partners with Intercontinental Exchange (ICE) to deliver real-time forex and metals data on-chain. This is a major milestone towards institutional-grade oracle infrastructure.

Whale Crypto Buys 938,489 LINKS

For those curious about the impact on LINK, the ICE data feed incorporates inputs from over 300 global venues, strengthening LINK’s role in bridging traditional finance and DeFi.

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Furthermore, this price increase also coincides with the activation of Chainlink’s on-chain backup mechanism on August 7, which automatically converts 50% of protocol fees into LINK.

This mechanism has locked up more than 109,000 tokens, worth about $2.8 million. Adding to the momentum, on August 17 there was a whale purchase of 938,489 LINK worth $21.25 million, pushing the LINK price through $24.50.

LINK Price Analysis

Currently, the price of LINK is trading on exchanges at $24.88, with a market capitalization of $16.88 billion and a daily trading volume that increased by 140% to $2.99 billion. The 24-hour price range is at $24.09 to $26.22.

Looking at the price chart, technical indicators point to bullish momentum, but there is an important resistance at $26.32, which is the highest price in March 2024. A close above this level could confirmingly print a new yearly high and open up potential upside towards $31.06.

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Support and resistance levels:

• First support: $24.50, in line with recent whale accumulation and strong demand zones.
• Next support: $22.65, and if a deeper correction occurs, it could test $20.15.
• Key resistance: $26.32, with the next target at $31.06.

The RSI indicator at 57 shows healthy upside momentum without entering overbought territory. Meanwhile, the Bollinger Bands indicate that LINK is holding above its centerline, with the upper band resistance around $26.29, which is the breakout threshold.

If buying pressure persists and volume remains high, LINK prices could potentially repeat the $26.32 test in the near term. However, if it fails to close above resistance, a short-term retracement towards support at $24.50 is likely.

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*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:

• Coinpedia. Chainlink Price to Hit New Yearly High, as Institutional Demand Grows Louder? Accessed on August 18, 2025