Chainlink's native token LINK surged past $24 to reach its highest price in seven months on August 14, 2025, fueled by surging market interest and institutional inflows. Google searches for "Chainlink" hit a three-year peak not seen since May 2021, signaling heightened retail and institutional attention.
Technical analysts indicate LINK has completed the fifth wave of its uptrend and now approaches the critical $25 resistance level. A decisive break above this threshold could propel it toward a medium-term target of $47, with minimal correction risk while momentum persists. Support remains firm at $22-$23.
On-chain metrics reveal bullish signals: whale transactions spiked to 713 daily large transfers over five days—the highest in three months—while exchange balances dropped nearly 10%, indicating accumulation and reduced selling pressure. Chainlink's Total Value Secured (TVS) also reached a record $93 billion, underscoring its role in decentralized data infrastructure.
Institutional inflows totaled $12.61 million in spot netflow, reflecting confidence in Chainlink's oracle technology. Co-founder Sergey Nazarov emphasized ongoing enhancements to meet growing DeFi demand. Historically, LINK rallies in 2020 and 2021 preceded sustained DeFi growth, suggesting similar potential now.