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Chainlink’s LINK Surges 8%, Defying Crypto Weakness
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Krisztian Sandor
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By Krisztian Sandor, CD Analytics|Edited by Aoyon Ashraf
Aug 20, 2025, 5:22 p.m.
- Chainlink’s token LINK surged 8.3% to over $26, outperforming major cryptocurrencies like bitcoin and ether.
- The Chainlink Reserve’s token buyback program supports LINK’s price, accumulating over $2.8 million in tokens in two weeks.
- LINK broke key resistance levels, showing strong price momentum and forming support around $23.50-$23.60.
Oracle network Chainlink’s (LINK) native token showed remarkable strength during the Wednesday session as cryptocurrencies attempted to bounce back from yesterday’s carnage.
LINK topped $26, gaining 8.3% over the past 24 hours and erasing Tuesday’s losses. It vastly outperformed most large-cap cryptos, including bitcoin’s (BTC) modest 0.5% and ether’s (ETH) 4% rebound during the same period.
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The crypto market benchmark CoinDesk 20 Index was up 1.5%.
The token’s relative strength underscores Chainlink’s improving appeal to crypto investors as a key piece of infrastructure connecting traditional markets with blockchain rails, benefiting from accelerating institutional adoption.
Sergey Nazarov, co-founder of Chainlink, said on Tuesday he met with U.S. Senator Tim Scott, Chairman of the Senate Banking Committee, leading the effort to bring the market structure bill to the Senate.
“This new version of the market structure bill has many advantages over past versions, enabling our industry to rapidly grow in the U.S. with fewer limitations,” Nazarov said in an X post.
The Chainlink Reserve, an initiative that channels revenue from protocol integrations and services to buy LINK tokens, mirroring public companies’ share buyback programs, also supports the token’s price.
The facility has accumulated 109,664 tokens worth roughly $2.8 million in two weeks and it’s poised to execute the next weekly purchase on Thursday, data shows.
LINK showcased exceptional price momentum throughout the 24-hour session, successfully breaking critical resistance zones on heightened trading volume before transitioning into a consolidation phase, according to CoinDesk’s Research’s technical analysis data.
- Price surge of 8.30% from $23.96 to $25.93 during 24-hour period.
- Strong support levels formed around $23.50-$23.60 zone.
- Key resistance broken at $24.50 and $25.20 levels.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University’s business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
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