Title: Chainlink (LINK) Breaks $21 as Whale Accumulation and SWIFT Partnership Fuel $30–$100 Price Targets

👤Jay Robinson ⏲️August 12, 2025

Chainlink, LINK

Chainlink (LINK) has surged over 27% in the past week, breaking above $21 as whale accumulation, strategic institutional partnerships, and bullish technical patterns fuel optimism for a rally toward $30—and potentially as high as $100.

A major driver of this momentum is Chainlink’s growing role as a bridge between traditional finance and blockchain. The oracle network’s deepening partnership with SWIFT now connects over 11,000 financial institutions to blockchain systems, a significant milestone for integrating decentralized technology into global banking.

Demonstrations at Chainlink’s SmartCon showcased its Cross-Chain Interoperability Protocol (CCIP), enabling seamless transfers between SWIFT’s legacy messaging and multiple blockchain networks.

Further cementing its institutional footprint, Chainlink has partnered with major players such as Mastercard, the DTCC, and central banks, while Intercontinental Exchange (ICE), parent company of the NYSE, has integrated high-quality forex and precious metals data into Chainlink’s decentralized oracle network.

Technical Breakout Signals Higher Price Potential

From a technical standpoint, LINK has broken out of a long-term descending trendline in place since December 2024, following a successful double-bottom retest at $18. Analysts also highlight a breakout from a symmetrical triangle formation dating back to 2021, often a precursor to significant price rallies.

The key resistance to watch remains $24. A confirmed close above this level could trigger an accelerated move toward the $30–$35 range, with ambitious targets stretching to $95–$100 if bullish momentum continues. Current market data shows LINK holding above $21, reinforcing the breakout’s validity.

Whale Accumulation and Rising Network Activity Strengthen Bull Case

On-chain data reveals intensified whale activity, with recent transactions totaling over $97 million, including a notable withdrawal of 510,000 LINK from Binance. Exchange reserves have dropped by 33 million LINK since July, tightening supply and potentially fueling upward pressure.

Daily active addresses have risen from 5,500 to 9,410, indicating growing participation from both institutional and retail investors. Meanwhile, decentralized exchange volumes tied to Chainlink’s infrastructure surpassed $1.29 billion in 24 hours, underscoring real-world demand for its oracle services beyond speculative trading.

With a current market cap of roughly $15 billion securing over $59.5 billion in assets, many analysts view LINK as undervalued. If key resistance levels are broken and institutional adoption continues, Chainlink could be poised for one of the most significant rallies in the altcoin market.

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About Author

Jay Robinson

Jay Robinson

Jay Robinson is a crypto content analyst and writer with over two years of experience in the industry. With a deep understanding of the crypto market, DeFAI and extensive knowledge of various blockchain technologies, Jay delivers insightful and well-researched content. As an avid trader, Jay makes sure he stays ahead of market trends and breaking news, providing readers with timely and informative analysis. With a passion for the ever-evolving world of crypto, Jay’s expertise ensures engaging and valuable content for novice and experienced investors.

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