The price of Chainlink (LINK) surged to $21, its highest in seven months, after the launch of its treasury strategy. This article examines the main reasons for this growth and the outlook ahead.
Launch of Treasury Strategy
The treasury strategy launched on August 7 involves systematically converting revenue from both on-chain activity and enterprise fees into LINK tokens, locking them in reserve. According to Coin Edition, over $1 million in LINK has already been secured under this program.
Whale Accumulation
Whales holding between 100,000 and 1 million LINK added 4.55 million tokens (approximately $97 million) in early August, marking the largest accumulation since May 2025. This creates supply squeeze risks and bullish sentiment in the market.
Technical Analysis and Forecasts
At the time of writing, LINK trades at $21.03, up 7.53% in the last 24 hours, with an RSI of 61.75 indicating strong but not overbought momentum. Analysis suggests that a break above $24 could trigger a significant rally toward $95. Conversely, failure to hold above $20 may see LINK revisit support around $18–$19.
The price increase of Chainlink following the launch of its treasury strategy and increased whale activity fosters a positive outlook for the token. Investors will closely monitor the $24 and $20 levels in the near future.
