Chainlink’sLINK token has become a top performer in the altcoin market since the Chainlink Reserve was announced on August 7th. The program uses off-chain revenue to buy and accumulate LINK, boosting its value.
Following the announcement, LINK’s price has soared by 54%. In the last week alone, it has gained another 8.2%, in stark contrast to Bitcoin (BTC), which has remained flat since August 7th and is down 7% over the last seven days. This strong performance has pushed LINK into the top 15 cryptocurrencies by market capitalization.
Despite its recent rally, LINK still needs to increase by another 83% to surpass Cardano (ADA), the next largest cryptocurrency by market cap. The Chainlink Reserve, intended to support the network’s long-term growth and sustainability, had already accumulated 109,661 LINK (worth approximately $2.8 million) by August 14th. The funds in the reserve are not expected to be withdrawn for “multiple years,” reinforcing the program’s long-term focus.
August 2025, Cryptoniteuae
