Key Insights
- •Chainlink price traded at $19.01 as of press time, up 8.9% in the past 24 hours, following mass accumulation by new wallet addresses.
- •Lookonchain reported that 30 new wallets withdrew 6,256,893 LINK worth $116.7 million from Binance since the Oct. 11 market crash.
- •Chainlink will attend the Federal Reserve’s Oct. 21 conference on payments innovation, addressing stablecoin use cases and the convergence of traditional and decentralized finance.
Chainlink price traded at $19.01 as of press time, up 8.9% in the past 24 hours. The rally followed reports of mass accumulation by newly created wallet addresses withdrawing tokens from centralized exchanges.
Lookonchain reported on Oct. 20 that 30 new wallets withdrew 6,256,893 LINK worth $116.7 million from Binance since the Oct. 11 market crash.
The withdrawals pointed to sustained buying pressure from fresh addresses accumulating the token. Additionally, it indicates that buyers plan to hold LINK for now.
Onchain Lens also flagged three specific wallets driving the LINK price movement.
Wallet 0xbBF withdrew 400,536 LINK worth $7.29 million and held 1.145 million LINK worth $21.52 million. Another wallet 0x111a withdrew 231,715 LINK worth $4.34 million. Wallet 0x586 withdrew 193,499 LINK worth $3.62 million.
Fundamental Developments Support Price Action
Chainlink secured a spot at the Federal Reserve’s Oct. 21 conference on payments innovation.
The event will address stablecoin use cases, business models, convergence of traditional and decentralized finance, and tokenization of financial products and services.
Chainlink could have a role in speaking about institutional developments around blockchain infrastructure. The timing coincided with the LINK price rally.
Additionally, Chainlink announced a series of partnerships and integrations between June and October 2025 that built fundamental support for the token.
On June 11, Chainlink’s cross-chain token standard became compatible with Optimism’s Superchain. The first deployment went live on Soneium via ASTR in collaboration with Astar Network.
Mastercard partnered with Chainlink on June 24. The collaboration allowed approximately 3 billion Mastercard cardholders to buy crypto directly on-chain using Chainlink interoperability.
Chainlink launched ACE on June 30 in collaboration with Apex Group, GLEIF, and the ERC-3643 Association to standardize on-chain compliance. Plexos Institute and eDinheiro partnered with Chainlink on July 29 to expand financial access in Brazil.
Intercontinental Exchange collaborated with Chainlink on Aug. 11 to bring FX and precious-metals data on-chain via Data Streams. SBI Group formed a strategic partnership with Chainlink on Aug. 24–25.
The collaboration focused on tokenized real-world assets, funds, and regulated stablecoins in Japan and APAC.
Canton Network joined Chainlink SCALE on Sept. 24 and integrated Data Streams and CCIP.
Chainlink Labs became a Super Validator. UBS collaborated with Chainlink on Sept. 30 to enable tokenized fund subscription and redemption workflows triggered via Swift messages.
Deutsche Börse Market Data + Services partnered with Chainlink on Oct. 1 to publish multi-asset market data on-chain via DataLink as a launch partner.
Plasma joined Chainlink SCALE on Oct. 3 and adopted Chainlink as its official oracle provider. S&P Global Ratings collaborated with Chainlink on Oct. 14 to bring Stablecoin Stability Assessments on-chain via DataLink.
Analysts Project $36 to $350 Targets for Chainlink Price
Besides fundamental support to the price action, analysts are seeing bullish indicators in the weekly and monthly charts.
Cantonese Cat posted a technical analysis showing that LINK might have bottomed at $17 in a channel with resistance between $22 and $24. Breaching resistance on the weekly chart could send LINK toward $36.
Sustained upward movement above the green line, trending up after the $36 resistance, could take LINK to the $80 level. After that, another channel awaits, and traders should keep an eye out to see how things play out.
Analyst Klaus SchwAPU posted even more bullish targets for the Chainlink price. In a monthly chart shared on Oct. 20, he projected that LINK could climb to $350 in the coming months. He used the 2020–2021 rally as a parameter for the forecast.
The combination of whale accumulation, institutional conference participation, and strategic partnerships positioned Chainlink for continued momentum.
Additionally, the charts provide a positive outlook for the LINK price. As a result, the token remains supported by both technical and fundamental factors as new wallets continue pulling tokens off exchanges.