The Chainlink (LINK) price is exhibiting renewed strength, moving while much of the market remains subdued. The price surged by nearly 18% in the past day, reaching approximately $14.56, with a corresponding over 90% jump in trading volume, indicating genuine buyer interest beyond temporary fluctuations.
This significant surge is primarily attributed to two key factors: the launch of the new Chainlink ETF and a decisive technical breakout.
The Linkpill. pic.twitter.com/1Ezi7ZEjHZ
— Chainlink (@chainlink) December 2, 2025
Why LINK Price Is Pumping
The primary catalyst for this price movement was Grayscale's decision to convert its Chainlink Trust into the GLNK ETF, which commenced trading on NYSE Arca on December 3. The ETF recorded an impressive $14 million in day-one trading volume, a substantial figure compared to its average daily volume prior to the conversion.
This ETF launch is significant because it provides regulated investors with a straightforward avenue to gain exposure to LINK without needing to interact directly with cryptocurrency exchanges.
Grayscale Chainlink Trust ETF (Ticker: $GLNK) with 0% fees is now trading¹. The first @chainlink ETP in the U.S. — from Grayscale, the world's largest crypto-focused asset manager². Gain exposure to $LINK, the core infrastructure for connecting blockchains to the real world.… pic.twitter.com/CjoemYxyEI
— Grayscale (@Grayscale) December 2, 2025
This development allows major financial platforms to treat Chainlink (LINK) as a conventional listed asset. Initial inflows suggest institutional investors are keen to capitalize on Chainlink's integral role in tokenization and real-world asset infrastructure.
Furthermore, data shared by Fishy Catfish indicates that the GLNK ETF outperformed both XRP and SOL ETFs in terms of day-one participation when adjusted for market capitalization. A larger portion of LINK's circulating supply moved into the ETF wrapper, and its volume relative to market cap was stronger than competing products. This robust first-day demand underscores investor confidence in the long-term value proposition of Chainlink.
Day 1 of $LINK ETF launch is in the books. $LINK outperformed both $XRP and $SOL ETF volumes adjusted for marketcap. $GLNK had more of total float show up in the wrapper on day 1 than comps (bps of mcap) $GLNK had more inflows into the wrapper on day 1 than comps (bps of… pic.twitter.com/ZfjbKEmhLz
— Fishy Catfish (@CatfishFishy) December 3, 2025
What the LINK Chart Is Showing
The technical chart also reflects a positive shift, with the Chainlink price breaking out of a two-month downtrend. LINK has now surpassed the $14.64 resistance level, which had previously impeded upward movement. This breach signifies a tangible change in momentum, marking the first significant shift since October.
Analyst Crypto Rand has also noted a double-bottom pattern followed by a breakout from the downtrend. His analysis suggests that a move above $15 would confirm the reversal and pave the way for a stronger upward trajectory.
In the short term, the price is positioned just below the $15 trigger level. If the LINK price successfully reclaims and sustains this level, the chart indicates a clear path towards $16.22 and subsequently $19.25, levels where previous price reactions occurred.
LINK Price Short-Term Outlook
The immediate focus for LINK's price action is the $15 resistance area. A clean break above this level, followed by sustained support, would likely target $16.22, with further upward momentum potentially leading to $19.25. A decisive move above $15 could also stimulate more aggressive buying from traders awaiting confirmation.
Conversely, if the Chainlink price fails to hold above $14.64 and slips back below this level, some profit-taking may occur, potentially slowing down the upward momentum.
However, the confluence of the ETF catalyst, the bullish chart breakout, and the improving technical structure strongly suggests that buyers have re-entered the market with conviction. The current narrative is straightforward: a major ETF has launched, demand has been robust, the chart has turned bullish, and institutional interest has emerged at a critical juncture. This combination of factors explains LINK's current upward movement, and traders are closely monitoring the next key breakout level.