LINK has been on a powerful rally this week, climbing to its highest level since January after developers unveiled the Chainlink Endgame vision while whales continued accumulating. The token surged to $28.85 — up 165% from its yearly low. Its 24-hour trading volume reached $2.9 billion, while market capitalization hit $17.5 billion.
The main driver behind LINK’s surge was the release of the Chainlink Endgame, a comprehensive strategy document outlining the project’s vision and position within the blockchain industry.
At the core of this vision, Chainlink aims to become the industry-standard oracle platform, much like how Windows dominated PCs, iOS shaped mobile ecosystems, and AWS defined cloud computing.
Chainlink envisions powering trillions of dollars in transactions across industries such as real estate, debt markets, stocks, and derivatives. Its technology also aims to help financial institutions accelerate cross-border payments and cut costs through tokenization.
The strategy further highlighted key partnerships:
- With UBS and SWIFT, which oversee trillions of dollars in global transactions.
- With ANZ Bank and Fidelity, deploying technology for cross-chain settlement of CBDCs, stablecoins, and tokenized assets.
Notably, the Endgame vision came just weeks after Chainlink launched the Strategic LINK Reserves, a mechanism to use on-chain and off-chain fees to repurchase LINK. Since its debut, the project has already acquired over $2.8 million worth of tokens.
Whales Continue Aggressive Accumulation
According to Nansen, LINK was the most purchased token by smart money investors in the past 24 hours, with over $1.5 million in inflows. Over the last 30 days, whale holdings of LINK have increased by 66% to 5.49 million tokens — a strong signal that large investors expect further upside.
Another potential catalyst could be the filing of a spot LINK ETF with the U.S. Securities and Exchange Commission (SEC).
On the daily chart, LINK has been in a solid uptrend for months. The token is now entering wave 3 of the Elliott Wave pattern, typically the most bullish phase. It is also forming a cup-and-handle pattern with a depth of 67%. If the pattern plays out, the price projection points toward $52.
