Chainlink (LINK) Price: Standard Chartered Sets $200 Target as Bullish Signals Stack Up

TLDR

Standard Chartered set a $200 price target for LINK by 2030, with $13 forecast by end of 2026 Whale transactions above $100K hit a 5-month high of 246 in a single day after the forecast Wallets holding 100K–10M LINK now control 46.57% of the circulating supply LINK’s MVRV ratio formed a golden cross above its 200-day SMA for the first time in over a year LINK is still down more than 28% year-to-date despite a 6.8% rally since Monday

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Standard Chartered initiated coverage of Chainlink (LINK) on Monday, setting a $200 price target by 2030. The bank projects LINK will reach $13 by end of 2026, $82 by 2028, and $133 by 2029.

Chainlink (LINK) Price

The forecast cited Chainlink’s role in tokenization and decentralized finance (DeFi) as key growth drivers.

The announcement triggered a spike in large wallet activity. Blockchain analytics firm Santiment recorded 246 transactions above $100,000 in a single 24-hour window — the highest daily count in five months.

Standard Chartered initiates coverage of Chainlink $LINK, forecasting a price of $200 by end of 2030

The bank sees Chainlink underpinning the tokenization trend, a market set to grow to $4 trillion by 2028 pic.twitter.com/qx1ZK9MvGP

— Zach Rynes | CLG (@ChainLinkGod) August 10, 2026

Wallets holding between 100,000 and 10 million LINK now hold 466.31 million coins, equal to 46.57% of the circulating supply. Santiment noted that this cohort’s balance has grown alongside transaction volume.

🔗 Live Chart: https://t.co/5wlYZ9x9jz

🐳 Chainlink whale activity has seen a significant spike. The network saw 246 separate $100K+ LINK transactions in 24 hours, its highest daily level in 5 months.

📈 This coincides with the fact that wallets holding 100K to 10M LINK now… pic.twitter.com/1EACyuTF1O

— Santiment Intelligence (@SantimentData) August 12, 2026

Market analyst Ali Charts reported that transactions exceeding $1 million jumped from roughly 1 to around 15 over 96 hours. LINK was trading near $8.70 at the time, with $9 identified as the key breakout level.

Technical Signals Flash Bullish

Three technical indicators are now pointing in the same direction for LINK.

The MVRV ratio formed a golden cross above its 200-day simple moving average for the first time in over a year. Ali Charts noted that previous similar setups were followed by a 155% rally in November 2024 and an 85% surge in July 2025.

2/7 For the first time in more than a year, $LINK MVRV Ratio has formed a golden cross against its 200 SMA.

Historically, this has been a major bullish signal. It led to a 155% bull run in November 2024 and an 85% rally in July 2025.

If history repeats itself, this new… pic.twitter.com/M2gWX0p7OK

— Ali Charts (@alicharts) August 13, 2026

The monthly TD Sequential also flashed a buy signal. Because it appears on the monthly timeframe, analysts treat it as a more significant indicator than short-term signals.

A break and daily close above $9 could open a path toward $10, and potentially $11.30 — a move of close to 30% from current levels. Key support sits at $8.30, then $8.00.

ETF Flows and Exchange Reserves Tell a Different Story

Spot LINK ETFs attracted just $150,307 last week and posted zero inflows in two of the prior three weeks. Cumulative net inflows stand at $128.29 million against $114.87 million in net assets.

CryptoQuant data shows exchange reserves fell from 142.8 million LINK in late June to around 122.3 million in early August, but have since climbed back to 123.7 million — a pattern that can suggest selling into price strength.

LINK remains down more than 28% year-to-date. The 6.8% rise since Monday’s forecast has not recovered that ground.

Cumulative spot LINK ETF net inflows currently stand at $128.29 million.

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