Chainlink became the highest gainer, rising by 5.20%, while the encryption market experienced a fall.


Chainlink (LINK) is showing strong bullish momentum, becoming the coin with the largest increase in the last 24 hours, with a rise of 5.20%, priced at US$25.09, while the encryption market is falling, Monday (18/08).
The main catalyst for LINK today is the strategic partnership between Chainlink and the international exchange (ICE), which is the parent company of the New York Stock Exchange (NYSE), aimed at providing real-time foreign exchange and precious metal prices through Chainlink's 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 2000 applications, the adoption of Chainlink by large entities further strengthens its role in the tokenized asset ecosystem.
Historically, LINK often experiences a significant rise after major partnerships are announced, such as a 12.4% increase after its integration with Mastercard in June 2025.
On the other hand, the activity of large investors or whales shows significant accumulation signals. On August 17, a whale known for accurately grasping market cycles purchased 938,489 LINK worth $21.25 million.
LINK's reserves on the exchange have fallen to their lowest level in months, reinforcing signals of weakened selling pressure. In addition, data shows that large wallets holding between 100,000 and 1 million LINK increased their holdings by 4.2% in August, indicating continued accumulation.
LINK-1.89%
DEFI-9.68%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)