ChainLink (LINK) briefly broke into the top 10 altcoins at the end of August. Overall, August 2025 proved to be the most successful month for crypto in the last five years.
As a result of last month, its value increased by approximately 42.7% (according to CryptoRank). Higher alt performance was only observed in August 2020 (+101%).
The local peak for LINK last month on the exchange MEXC was $27.09 USDT, reached on August 22. This is the highest level since January, but by the very end of last month, LINK fell to $23.05 as traders began to take profits.
While crypto remains below $25, as this is where the strong resistance zone begins, it can only be broken with the return of whale support.
1. Whale Swim and August LINK Rally
In mid-August, ChainLink briefly rose to 11th place in the ranking of the largest digital currencies.
According to Santiment, during the rally, network activity reached its highest level since January 2025. At the same time, the largest whale swim observed in the last seven months occurred.
The number of transactions for amounts over $100,000 reached 4,624, and the number of addresses sending and receiving funds daily increased to 6,463 during this period.
The August surge of LINK sparked a wave of bullish sentiment on social media. Users on Telegram, Reddit, X, and 4Chat expected the altcoin to jump above $30. However, the euphoria on social media soon triggered traders wishing to secure profits on the rise.
As a result, they organized a drop, and the crypto retreated. Nevertheless, support at the $20 level remains strong. On the MEXC exchange, the average daily trading volume of LINK/USDT at the end of August was $46.56 million, and the total turnover of crypto was $1.449 billion (according to CoinMarketCap).
In addition to the increase in trading within the ChainLink ecosystem, there was an influx of new users. The rate of registration of new LINK wallets peaked in 2025. For example, on August 18 alone, Santiment recorded the registration of 9,625 addresses.
Technical indicators hint at a new jump for LINK. The Relative Strength Index (RSI) is still in the oversold zone after a strong drop at the end of August. Typically, during such periods, traders who prefer to buy coins at the bottom become active.
2. Institutional adoption as a factor for long-term growth
One of the channels for institutional testing of digital currency is spot crypto ETFs. These instruments track the performance of a specific coin in the market. In other words, institutions invest in a fund that manages accumulated crypto.
An important event for the global blockchain industry was the launch of spot ETFs for Bitcoin and Ethereum in the U.S. stock market. According to analysts, following BTC and ETH, similar instruments investing in XRP and other altcoins will appear in the U.S.
The company Bitwise filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a ChainLink-ETF spot crypto fund. It is unlikely that such an instrument will appear quickly in the U.S. stock market.
However, in the long term, the emergence of spot ETFs for both LINK and other virtual currencies cannot be ruled out. For example, Grayscale submitted an application to the SEC to transform its Avalanche trust into an AVAX-ETF fund.
Large capital from Wall Street is ready to test the possibilities of digital assets. But the growth of investments is realistic only if U.S. regulators implement an effective mechanism to protect the interests of hedge funds and asset managers.
Matt Hougan, representing the top management of Bitwise, recently stated that ChainLink is on the list of the most promising digital currencies. Interest in its ecosystem will grow against the backdrop of expanding infrastructure for asset tokenization.
SBI Holdings announced a strategic partnership with the developers of the ChainLink ecosystem at the end of August. The Japanese financial giant plans to accelerate the implementation of digital assets in the domestic market at the first stage. In the long term, SBI aims to establish a strong position in the Asia-Pacific region for crypto-capital management through such a partnership.
The oracle technology used by ChainLink can be applied to verify the reserves of stablecoin issuers.
In addition, the LINK ecosystem contributes significantly to the formation of the global market for tokenized assets (RWA). Recently, it became known that Japan plans to issue a stablecoin backed by the yen.
Кроме этого, экосистема LINK вносит большой вклад в формирование глобального рынка токенизированных активов (RWA). Недавно как раз стало известно, что Япония планирует выпустить стейблкоин, обеспеченный иеной.
3. The bullish trend is indicated by the growing interest in LINK futures.
The growing interest in LINK futures suggests that most traders are focusing on a bullish scenario.
Recall that in May 2021 LINK reached $52. Currently, the coin is trading about 55% below that level, but retains chances of jumping above $30 in the medium term.
According to Coinalyze, the open interest in ChainLink futures in August rose to a historic high of $875.7 million.
The funding rate for perpetual futures on MEXC remains in positive territory. The daily turnover on the platform exceeded $230 million.
A balanced demand is observed from both retail and institutional investors. This means there are no signs of overheating, which mitigates the risks of speculative activity.
In our estimation, if the current trend continues in the futures market, LINK could resume its expansion against the backdrop of strengthening fundamentals due to the growing partnerships between crypto developers and companies and investment funds.
An increase in address activity also indicates that the potential for growth has not been exhausted. According to Glassnode, the number of LINK wallets regularly moving funds is approaching the highest level since November 2021.
The zone of strong resistance is in the range of $25 to $30. It can only be broken through by the influx of new, primarily institutional capital.
A collapse of the coin below $20 is unlikely, as most investors oppose such a strong setback at this stage.
Disclaimer: This information is not investment, tax, legal, financial, accounting, consulting, or any other advice related to these services, nor is it advice to buy, sell, or hold any assets. MEXC Training provides information purely for reference purposes and is not investment advice. Please ensure that you fully understand all risks and exercise caution when investing. The platform is not responsible for users’ investment decisions.
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