Ethereum News Today: Chainlink’s LINK Surges 35.34% as Whale Buying Drives FOMO and $24 Level Holds

Generated by AI AgentCoin World
Wednesday, Aug 13, 2025 9:27 pm ET1min read
ETH
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LINK
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Aime RobotAime Summary

- Chainlink’s LINK token has reclaimed $24, driven by reduced exchange supply, whale activity, and a rebound in the LINK/ETH ratio.

- LINK outperformed Ethereum in August (35.34% vs. 21%) and year-to-date (42% vs. ETH’s 21%), signaling strong relative momentum.

- Whale accumulation and low on-exchange liquidity fuel FOMO, with potential for an 82% rally if historical patterns repeat.

- Tightening liquidity and sustained bullish sentiment position LINK for further gains, contingent on whale-driven buying and market confidence.

Chainlink’s native token,

LINK
, has reclaimed the $24 level, marking its first close above this price since February 2nd. The recovery has been driven by on-chain signals such as a –9.8% drop in exchange supply over the past eight weeks, elevated whale activity (713 on-chain transactions per day), and a rebound in the LINK/ETH ratio from key support levels. These developments have intensified fear-of-missing-out (FOMO) among traders, with the potential for an 82% price surge should historical patterns repeat [1].

LINK has outperformed broader market benchmarks in recent weeks. The token surged 35.34% in the first week of August, far outpacing Ethereum’s (ETH) 21% return. On a year-to-date basis, LINK is up 42%, more than double ETH’s gains. The LINK/ETH ratio has rebounded toward a critical monthly support zone that previously preceded an 82% quarterly rally in early 2025—well ahead of ETH’s 28% gain during the same period [1].

The bullish momentum is supported by whale accumulation and reduced on-exchange liquidity. Santiment data indicates that large investors have been aggressively buying LINK, with recent intraday pops of 2.82% observed as the token moves toward Q1 levels. This has brought late Q1 to mid-Q3 holders into positive net profit and loss territory, reinforcing long-term sentiment [1].

Despite the breakout, realized profit-taking remains low, keeping sell-side liquidity subdued. This dynamic, combined with ongoing whale-driven buying, suggests that FOMO is currently outweighing short-term profit-taking, a bullish sign for continuation [1]. AMBCrypto notes that sentiment will likely determine whether

Chainlink
sustains its upward movement [1].

The technical and on-chain fundamentals for LINK remain constructive. The ability to reclaim and hold $24, along with a tightening liquidity profile and strong accumulation patterns, positions the token for further upside, provided bullish sentiment persists and whale-led buying continues [1].

Source: [1] Chainlink [LINK] reclaims $24 - A 82% spike could follow IF... (https://ambcrypto.com/chainlink-link-reclaims-24-a-82-spike-could-follow-if/)