Why Is Chainlink (LINK) Price Pumping?

The price of LINK has seen a boost, adding 16.81% over the past day to reach $16.14 at press time.

The price of Chainlink (LINK) has seen a surge, adding 16.81% over the past 24 hours to reach $16.14 by 10:18 ET Friday. The trading volume also increased by over 24%, a sign of rising market interest.

What Happened?

A confluence of factors are fueling the recent momentum in LINK. Speculation about Chainlink’s involvement with the U.S. strategic reserve has sparked discussion among crypto traders.

Crypto trader shared on X, formerly Twitter, that insiders have mentioned the strategic reserve is utilizing Chainlink’s Proof of Reserves.

I'm excited for Friday so I bought $10k more worth of $LINK. word on the street is that the USA strategic reserve is using chainlink proof of reserves 😏 pic.twitter.com/Coc2aqeHFI

Proof of Reserves is a blockchain verification system used to continuously audit an institution’s assets and provide transparent reports, which can be accessed at any time. Chainlink is a major player in this technology, helping financial institutions and crypto platforms demonstrate their asset backing in a decentralized manner.

If reports of Chainlink’s integration into the U.S. strategic reserve turn out to be true, it could be a significant step towards broader financial adoption of the blockchain network.

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Moreover, crypto expert pointed out that LINK’s price has recovered against Bitcoin after a period of correction. According to his analysis, momentum is beginning to shift as LINK approaches a key level for a potential bull cycle.

He further mentioned that Chainlink co-founder Sergey Nazarov is going to attend the summit on Friday.

According to technical indicators, LINK’s historical price movements show strong support at current levels, and the RSI indicates that the asset may be recovering from oversold conditions.

Previous resistance levels around 0.00042 BTC have been identified as key points that LINK must overcome for continued bullish momentum.

Chainlink In 2025 Bull Cycle

Crypto trader The Link Panda shared an image on X that ranks Chainlink as one of the most connected and influential projects leading into the next market cycle. It highlights how LINK is deeply integrated across multiple narratives, including DeFi, Real World Assets (RWAs), AI/DePIN, and institutional adoption.

If you don't see that $LINK is criminally undervalued right now, then you don't have a good grasp of what it does. pic.twitter.com/w7PIrbr4Tc

The report, which focuses on assets likely to benefit from the 2025 bull cycle, highlights how Chainlink stands to play a pivotal role in the evolving crypto landscape.

With the increasing focus on RWAs, backed by firms like BlackRock and regulatory shifts in the U.S., positions Chainlink as a fundamental infrastructure provider for tokenization efforts.

The report also places LINK among assets that could benefit from institutional investment products like the Coinbase 50 Index, Grayscale Trust, and 21shares ETP.

What’s Next For LINK Price

With speculation about Chainlink’s adoption in financial reserves, technical indicators suggesting a potential breakout, and increasing institutional narratives, LINK remains a center of attention.

The upcoming summit and potential revelations from it are crucial factors that might drive future price dynamics.

Market participants will closely follow whether Chainlink’s price can sustain its current momentum and ultimately confirm a long-term recovery from recent lower levels.

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