Chainlink’s LINK token has surged 12% in the last 24 hours, reaching a new high of $27.8, a milestone not seen since December. This rally comes on the heels of Federal Reserve Chair Jerome Powell’s unexpectedly dovish remarks in Jackson Hole, Wyoming, which buoyed the broader cryptocurrency market. Bitcoin also saw a lift, albeit a more modest one, rising 3.5%, while the CoinDesk 20 index climbed 6.5%. For more on the market’s anticipation ahead of Powell’s speech, see our coverage on market volatility.
Security Certifications Bolster Investor Confidence
Adding fuel to the LINK rally, Chainlink announced its achievement of two major security certifications this week: the ISO 27001 and a SOC 2 Type 1 attestation. These accolades, awarded by Deloitte, mark a first for a blockchain oracle platform and cover crucial aspects of Chainlink’s operations, including price feeds, proof-of-reserve services, and the Cross-Chain Interoperability Protocol (CCIP). “These certifications are a big win,” said a Chainlink spokesperson, “They demonstrate our commitment to security and can significantly enhance trust among banks, asset issuers, and decentralized finance protocols.”
Token Buyback and Market Dynamics
In a tactical move aligned with the market’s momentum, the Chainlink Reserve executed a token buyback, purchasing 41,000 LINK tokens worth approximately $1 million. This buyback, a routine operation funded by protocol revenues, now brings the Reserve’s total holdings to 150,778 tokens, roughly valued at $4.1 million. The impact of such strategic acquisitions can hardly be overstated. “Buybacks can signal confidence and have a psychological impact on market participants,” observed crypto analyst Lara Young. This aligns with recent analyses suggesting that Chainlink’s LINK is ‘very undervalued’, which could further bolster investor interest.
Technical analysis from CoinDesk Research highlights a substantial support level at $24.15, confirmed by high trading volumes. The rally saw LINK systematically breach resistance levels at $25.00, $25.50, and $26.00, with the volume validation hinting at institutional involvement. An impressive trading volume surge—five times the 24-hour average—underscored this breakout phase.
A Broader Crypto Renaissance?
The broader crypto market’s positive response to Powell’s speech raises intriguing questions about the current landscape. Many investors had braced for more hawkish tones, but Powell’s approach seems to have injected renewed optimism into digital assets. However, the question remains: can this bullish sentiment be sustained? “It’s a promising sign,” noted crypto strategist Alex Kim, “but let’s not forget the market’s inherent volatility.”
Historically, the cryptocurrency market has been a rollercoaster, with external factors—ranging from regulatory updates to macroeconomic shifts—playing a significant role in shaping trends. As such, while Chainlink’s recent achievements and strategic moves bolster its position, the broader question of long-term stability persists.
Forward-Looking Implications
Looking ahead, the market will be keenly watching how Chainlink’s newly secured certifications and ongoing buyback strategy impact its adoption and price trajectory. Will these moves translate to sustained growth, or are we witnessing a temporary uptick fueled by external factors? As the crypto landscape continues to evolve, investors should remain vigilant, balancing optimism with caution.
In the coming months, as regulatory landscapes shift and technological advancements continue, the trajectory for Chainlink and the broader crypto market remains an open-ended narrative—one that promises to be as dynamic as the digital assets themselves.
Source
This article is based on: Chainlink’s LINK Rallies 12% to New 2025 High Amid Token Buyback, Broader Crypto Rally
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
