Chainlink Becomes Top Gainer After Rising 5.20% While Crypto Market Experiences Decline


Chainlink (LINK) is currently showing strong bullish momentum after becoming the top gainer with an increase of 5.20% in the last 24 hours to US$25.09 while the crypto market experienced a downturn, Monday (18/08).
The main catalyst for today's LINK rise is the strategic partnership between Chainlink and Intercontinental Exchange (ICE), the parent company of New York Stock Exchange (NYSE), to provide real-time foreign exchange and metal prices through the Chainlink oracle network.
This step positions LINK as a key infrastructure bridging traditional finance (TradFi) with decentralized finance (DeFi). Considering that ICE data is used by over 2,000 applications, the adoption of Chainlink by large entities further strengthens its role in the tokenized asset ecosystem.
Historically, LINK also tends to rise sharply after major partnership announcements, such as the 12.4% spike following the integration with Mastercard in June 2025.
On the other hand, the activities of large investors or whales show significant accumulation signals. On August 17, a whale known for having an accurate track record in reading market cycles purchased 938,489 LINK worth US$21.25 million.
The decrease in LINK reserves on the exchange to the lowest level in several months strengthens signals of reduced selling pressure. Furthermore, data shows that large wallets with holdings between 100,000 and 1 million LINK have increased their holdings by 4.2% throughout August, indicating consistent accumulation.
LINK-5.98%
JAM-0.52%
DEFI-6.07%
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Szerovip
· 08-18 06:15
HODL Tight 💪
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Ryakpandavip
· 08-18 05:31
Just go for it💪
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