- LINK surged 21% with the “Trump pump” but retraced by 26% amid declining momentum.
- LINK’s decentralization improves as retail investors hold 32%, while whale dominance drops to 48%.
- LINK’s Oracle network expansion and political backing spark long-term growth potential, despite recent volatility.
Chainlink—LINK, recently saw a wild ride. Just two weeks ago, a 21% surge caught everyone’s attention. A $1 million purchase from World Liberty Financial (WLF) triggered this rally, fueled by the “Trump pump.” However, that excitement quickly faded. LINK’s price dropped back to around $22.8, with bearish signals now showing. So, what lies ahead for LINK in 2025?
Chainlink’s Progress Amid Volatility
Chainlink has made significant gains over the past four years. Network addresses grew from 213k to 690k, signaling increased adoption. In December, the total value locked (TVL) surpassed $1 billion. What stands out is the shift toward decentralization. Whales, once holding 70% of the supply, now control 48%. Retail investors now hold 32% of the supply. This is important.
Ethereum has faced centralization issues, with whales holding much of the supply. Chainlink’s more balanced distribution could position the project better in the long term.Despite these gains, LINK’s price has struggled to reach its all-time high of $53. Although network growth has been solid, LINK still hasn’t broken into the top 10. Market factors and whale selling pressure continue to hold LINK back.
The “Trump Pump” – Short Lived or Sustainable?
The “Trump pump” injected fresh excitement into the market. Trump’s endorsement drew attention, and many investors rushed to buy. Yet, just as quickly as the surge started, it fizzled out. LINK showed impressive growth in the last month. The coin outpaced many competitors, with double-digit gains.
Year-to-date is up 50%, closely matching Ethereum. This demonstrates LINK’s resilience despite recent dips. What really sets LINK apart is its growing real-world utility. The Oracle network continues to expand, finding new uses across industries. This could drive more long-term interest.
For investors, LINK offers both short-term trading opportunities and long-term growth. The market is less dominated by whales now, allowing for more organic growth. For now, Chainlink has positioned itself as a strong competitor in the altcoin race.
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