{"id":7622,"date":"2025-08-13T07:32:12","date_gmt":"2025-08-13T07:32:12","guid":{"rendered":"https:\/\/bitunikey.com\/news\/can-chainlink-price-rally-to-40-as-whale-accumulation-and-institutional-adoption-intensify\/"},"modified":"2025-08-13T07:32:17","modified_gmt":"2025-08-13T07:32:17","slug":"can-chainlink-price-rally-to-40-as-whale-accumulation-and-institutional-adoption-intensify","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/can-chainlink-price-rally-to-40-as-whale-accumulation-and-institutional-adoption-intensify\/","title":{"rendered":"Can Chainlink price rally to $40 as whale accumulation and institutional adoption intensify?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Chainlink\u2019s price rallied over 50% in the past week amid ongoing whale accumulation and growing adoption of its ecosystem by more institutions.<\/p>\n<div id=\"cn-block-summary-block_a6a8b1f0a073a6ae5491133c07b59d55\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>LINK is up over 50% this week and has hit a 7-month high of $24.28 today.<\/li>\n<li>Chainlink has recently partnered with Intercontinental Exchange to provide onchain pricing data for FX and precious metals.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, Chainlink (LINK) surged to a 7-month high of $24.28 on Wednesday, Aug. 13, morning Asian time. The recent surge brought its weekly gains to over 50% and 123% from its lowest point this year, while bringing its market cap to over $16.4 billion.<\/p>\n<h2 class=\"wp-block-heading\">Whales are buying LINK<\/h2>\n<p>LINK strong gains are tied to multiple catalysts, including sustained interest from whales this week.<\/p>\n<p>Data from Nansen shows that the balance of LINK tokens held by whale wallets has increased by 8.5% over the last 7 days. These addresses now hold\u00a0 4.65 million tokens, up from 4.29 million recorded on Aug. 6 and significantly higher than 3.42 million seen in mid-May this year.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.nansen.ai\/token-god-mode?tokenAddress=0x514910771af9ca656af840dff83e8264ecf986ca&amp;chain=ethereum&amp;tab=whales\" target=\"_blank\">Nansen<\/a><\/figcaption><\/figure>\n<p>Whale accumulation is typically seen as a bullish signal by retail investors, who often follow these deep-pocketed investors in building their portfolios. Such buying could lead to further appreciation of the asset\u2019s price, especially if accompanied by strong market sentiment and positive fundamental developments.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>One such development is the growing adoption of Chainlink\u2019s Cross-Chain Interoperability Protocol (CCIP) by major financial institutions. An official blog <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/blog.chain.link\/chainlink-banking-capital-markets-announcements\/\" target=\"_blank\">post<\/a> from Chainlink revealed that the protocol has been integrated with Swift, the international bank messaging network used by over 11,500 institutions, to connect banks directly to blockchains.\u00a0<\/p>\n<p>This integration allows financial institutions to interact with both public and private blockchains using their existing Swift infrastructure and messaging standards, streamlining interoperability and settlement processes.<\/p>\n<p>The trial featured more than a dozen leading institutions, including Euroclear, Clearstream, ANZ, Citi, BNY Mellon, BNP Paribas, Lloyds Banking Group, and SIX Digital Exchange (SDX).<\/p>\n<p>A more recent development is that Chainlink joined forces with Intercontinental Exchange, the parent company of the New York Stock Exchange, to deliver real-time onchain pricing feeds for foreign exchange and precious metals.<\/p>\n<h2 class=\"wp-block-heading\">LINK price analysis<\/h2>\n<p>On the weekly chart, LINK has formed a multi-month ascending broadening wedge pattern. This structure consists of two diverging trendlines sloping upward, indicating increasing price volatility over time.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1827\" height=\"888\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/08\/1755070332_364_Can-Chainlink-price-rally-to-40-as-whale-accumulation-and.png\" alt=\"Can Chainlink price rally to $40 as whale accumulation and institutional adoption intensify? - 2\" class=\"wp-image-14405113\"><figcaption class=\"wp-element-caption\">LINK price forms a double bottom and a broader ascending broadening wedge on the weekly chart \u2014 Aug. 13 | Source: crypto.news<\/figcaption><\/figure>\n<p>More recently, LINK has confirmed a double-bottom formation. The two bottoms were established at $10.9, with the neckline positioned at $18. A breakout above this neckline has historically signaled a bullish reversal, suggesting the potential for further upside momentum.<\/p>\n<p>The 50-day moving average currently sits above the 200-day moving average, indicating a bullish trend bias in the medium to long term.<\/p>\n<p>An ascending broadening wedge is generally seen as a bearish setup linked to distribution phases, yet LINK\u2019s price is moving toward the upper trendline near $40, roughly 65% above its current level.<\/p>\n<p>Some analysts see the potential for a move toward $46 in the coming weeks, if heavy trading activity and elevated demand continue to support the rally. See below:<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">$29 and $46 are the next targets for Chainlink <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$LINK<\/a>. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/13LEjoDfxz\" target=\"_blank\">pic.twitter.com\/13LEjoDfxz<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/ali_charts\/status\/1955306534931722477?ref_src=twsrc%5Etfw\" target=\"_blank\">August 12, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainlink\u2019s price rallied over 50% in the past week amid ongoing whale accumulation and growing adoption of its ecosystem by more institutions. Summary LINK is up over 50% this week&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=7622"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7622\/revisions"}],"predecessor-version":[{"id":7623,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7622\/revisions\/7623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7602"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}