Chainlink Token Surges 286% Since US Elections, Hits Three-Year High

Decentralized Oracle Network's LINK Token Surges Past $30, Marking Two-Year Peak

  • ChainLink‘s LINK token reached $30.94 on December 13, marking its highest value in over three years.
  • LINK price increased 286% since September 2023, rising from under $10.
  • World Liberty Financial, associated with Donald Trump, acquired approximately 80,000 LINK tokens.
  • Futures open interest for LINK hit an all-time high of $770 million.
  • Major institutions including central banks and SWIFT are implementing Chainlink’s oracle solutions.

Chainlink’s LINK Token Surges to Three-Year High Amid Institutional Adoption

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The native token of Chainlink, the leading decentralized oracle network, reached $30.94 on December 13, marking its highest price point since 2020, according to Binance%3ALINKUSD”>Binance data from TradingView. The surge represents a nearly 300% increase from September’s sub-$10 levels.

Institutional Integration Drives Growth

The price rally coincides with increased institutional adoption of Chainlink’s oracle technology. CCData senior research analyst Jacob Joseph notes: "Chainlink oracles have been leveraged by central banks, financial institutions, and payment networks like SWIFT in their blockchain experiments."

The momentum gained additional support from World Liberty Financial, a DeFi project with ties to Donald Trump, which integrated Chainlink’s oracle standard and accumulated a significant position in the token. Patrick Liou, principal of institutional sales at Gemini.com/”>Gemini, reported that the project added 37,052 LINK tokens (approximately $1 million) to its holdings.

Market Metrics Show Growing Interest

Technical indicators support the bullish sentiment:

  • Futures open interest reached an all-time high of $770 million
  • Price broke through the 2024 high of $21.58
  • Trading volume increased significantly during the December rally

Cryptocurrency analyst Wendy O highlighted the platform’s focus on utility development: "Chainlink has been making long term utility moves while meme coins have taken the spotlight."

The growing adoption of blockchain technology by traditional financial institutions positions Chainlink as a key infrastructure provider for the emerging tokenized asset market, a trend acknowledged by BlackRock CEO Larry Fink.

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Disclosure: I own some Bitcoin, Bitcoin Cash, Litecoin, ether, EOS and SOL.

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