LINK has started an upward trend, holding the $15 level and reaching a new 7-month high.

LINK has started an upward trend, holding the $15 level and reaching a new 7-month high.

Chainlink (LINK), the decentralized oracle network that connects smart contracts with external data sources, has experienced a significant upward trend. On July 2, 2025, LINK reached a new 7-month high, breaking through the $15 level. This surge is part of a broader upward movement that has seen LINK outpace the market, ranking third in the DeFi category [1].

The latest price of LINK is $21.06, marking a 9% increase from $19.24 just 24 hours prior. Over the past week, LINK has seen a 31.64% increase, moving from $15.98 to its current level. This performance is notable, as it trails the top DeFi tokens CVX and CRV, but still represents substantial gains [1].

The market cap of LINK is currently $14.28 billion, derived from multiplying the current price ($21.06) by the total supply (1 billion LINK). The fully diluted valuation (FDV) of LINK is $21.06 billion, reflecting its market standing. The 24-hour trading volume is $1.41 billion, with a 7-day volume of $3.97 billion and a 30-day volume of $34.29 billion, indicating robust trading activity [1].

Chainlink's all-time high was $52.99, reached on May 10, 2021. The current price is -60% below this peak, but the recent surge suggests a potential reversal of the downward trend. The network has seen a significant increase in demand, with 4,850 buyers and 3,408 sellers in the last 24 hours, resulting in a total of 7,899 trades [1].

The recent launch of the LINK Reserve has also contributed to this upward trend. The LINK Reserve, funded by both on-chain and off-chain revenue, aims to support the network's long-term growth by locking up LINK supply. This initiative has attracted $1 million in LINK tokens, with large holders accumulating 0.67% of the token's supply [2].

In conclusion, Chainlink's recent price surge is a positive development for investors and the broader blockchain ecosystem. The upward trend, coupled with the LINK Reserve, indicates a potential bullish shift for the token, positioning it for further growth. However, as with any investment, it is essential to stay informed and monitor market conditions closely.

References:
[1] https://www.coinbase.com/price/chainlink
[2] https://beincrypto.com/chainlink-signals-bullish-shift-with-reserve-launch-and-rising-accumulation/