Chainlink (LINK) Surges 6% as Altcoins Rally and Institutional Adoption Grows

Chainlink’s native token, LINK, jumped 6% in the past 24 hours, climbing above $24.50 on Thursday as altcoins outperformed Bitcoin in a broad crypto market rally. The surge comes amid growing anticipation that the U.S. Securities and Exchange Commission (SEC) may soon approve spot-based ETFs after greenlighting general listing standards, sparking optimism across major tokens.

LINK has become a focal point of investor attention, with several ETF applications under review and LINK futures already trading on U.S.-regulated exchanges such as Coinbase Derivatives. This regulatory progress has fueled speculation about Chainlink’s role in the next wave of institutional crypto adoption.

Adding to the bullish momentum, Caliber (CWD), a public wealth management firm, revealed a $6.5 million purchase of LINK as part of its Chainlink treasury reserve asset strategy. On the same day, the Chainlink Reserve announced it acquired another 43,000 LINK worth $1.05 million, funded by revenue from protocol integrations and services. The initiative mirrors corporate share buyback programs, strengthening LINK’s market position. Since August, the reserve has accumulated 323,116 tokens valued at nearly $7.9 million.

Technical analysis highlights growing strength behind LINK’s rally. Strong support has been established at $22.82, backed by high-volume confirmation of 5.56 million units—well above the 24-hour average of 1.48 million. The token also breached key resistance levels at $24.16 and $24.42, signaling sustained buying pressure. Consistent ascending lows throughout the recovery phase further indicate bullish momentum.

With institutional interest rising, reserves accumulating tokens, and favorable regulatory conditions on the horizon, LINK is positioning itself as a leading altcoin in the current market cycle. Investors are watching closely as Chainlink strengthens its role in driving real-world blockchain adoption.