Foreign media analysis suggests that after a long period of weakness, the market focus is shifting from prices per se to Chainlink how to convert network usage into token demand. The article proposes three main lines: the adjustment of the token mechanism, changes in the cobalt hold and a possible fall in the Bitcoin dominance.
Change payment mechanism to Unified LINK
According to the article, Chainlink introduced Payment Action in March 2025, allowing users to pay for their services in stable or Gas tokens, which was then uniformly replaced by LINK. Chainlink Reserve, which was on line in August 2025, has purchased a cumulative value of about 5.3 million Link at an average price of about $11.19.
In June 2026, the Build plan also adjusted the settlement. A growing number of cooperation agreements are being paid directly by LINK, or are being settled in liquid assets, converted into LINK and transferred to reserves. In this logic, the passive buy-in demand for LINK may increase if network use continues to grow.
According to the article, about 750 million Links are currently in circulation and about a quarter of the supply is planned to be progressively released by 2029. The continued absorption of additional supplies by the reserve mechanism was seen as a focus for the medium- and long-term performance of LINK.
There has been a significant increase in the number of large transactions in the chain.
The chain-based data platform Santiment shows that within 24 hours of August 12, the single LINK transaction of more than $100,000 reached 246, up by almost five months. There are currently some 466,63.1 million coins in total, or 46.57 per cent of the total supply, with 100,000 to 10 million linK addresses.
The article also refers to a line analyst, Ali Martinez, who claimed that single transfers exceeding $1 million had increased significantly in the recent past. At the same time, the MVRV indicator appears to be known as the “gold cross”, and the Moonline TD Secure gives a sign of buying. According to external sources, if large silos continue to accumulate, it may be possible to magnify the support to the market of new currency mechanisms.
LINK or US$ 13 to US$ 14
At the price level, after a previous fall of $14, LINK was unable to re-establish itself on the 200-day average and then back to between $7 and $7.5. According to the article, LinK is currently testing this average position again.
In relative bitcoin performance, the LINK against BTC has been vulnerable for about 1880 days, but the long-term downward line is being tested. At the same time, bitcoin's dominance began to show signs of a fall after about 1,300 days.
According to the article, if the price of bitcoin stabilizes and the dominance drops back to 55 per cent, LinK may reopen upspace, target range or between $13 and $14. In this judgement, $7 to $10 remains the larger mobilization area. The core variable is whether Chainlink ' s new means of value capture can continuously translate institutional use, business income and network activities into real needs for LINK.