Key Insights:
- Chainlink News: CEO says approved stablecoin regulation in the United States could benefit LINK.
- Chainlink (LINK) could drops to the to the $8.65 level, if it fails to sustain $11.
The recent Chainlink news has garnered significant attention from investors and experts due to recent developments. According to a report, the protocol has released 17.875 million LINK tokens, and the CEO has expressed strong confidence in Chainlink’s Proof of Reserve technology as a key solution for stablecoin regulation.
Latest Chainlink News: Will LINK Skyrocket?
As the LINK price continues its downtrend since May 2025, both pieces of Chainlink news appear to be bullish factors for the asset and have the potential to influence and propel its price in the coming days.
CEO Hints Chainlink Could Boost Stablecoin Regulation
On June 17, 2025, Chainlink’s CEO, Sergey Nazarov, made a post on X (formerly Twitter), noting that the recently approved stablecoin regulation in the United States could benefit Chainlink and its native token, LINK, due to its Proof of Reserve technology and cross-chain connectivity.
This regulation follows the mass adoption of stablecoins as a means of payment in the rapidly evolving crypto industry.
This stablecoin regulation, known as the GENIUS Act, was passed by a 63–30 vote. It aims to regulate issuers and establish a legal framework that could enhance legitimacy and facilitate wider adoption.
In a post on X, Nazarov noted, “Stablecoin regulation in the US will kick off a wave of new stablecoins in the US and all over the world.” He continued, “LINK’s Proof of Reserve and cross-chain connectivity could be required for stablecoins used as a source of payment in the growing digital asset economy and tokenized funds.”
“Chainlink is the only platform that provides proof of reserves and cross-chain connectivity in one system.”
$149 Million Worth LINK Unlock
In addition to this Chainlink news, blockchain-based transaction tracker Lookonchain made a post on X revealing that the Chainlink protocol unlocked 17.875 million LINK tokens worth $149 million and deposited them to Binance. This unlock was noted on June 21, 2025, and experts and analysts see it as a bullish sign.
According to the post, historically, Chainlink has conducted 11 major unlocks, and each time, the LINK price has witnessed upward momentum — a trend experts are expecting to see in this scenario as well.
Chainlink (LINK) Price Action and Key Technical Levels
According to expert technical analysis, LINK appears to be in a downtrend and has recently broken a key support level of $12.50, dropping to another major support at $11. At press time, the asset price seems to be attempting a reversal, but given the current market sentiment and ongoing geopolitical tensions, the recovery appears challenging.
Based on recent price action, if LINK holds above the key support level of $11, there is a strong possibility that the asset could continue its reversal and experience upward momentum.
On the other hand, if tensions escalate and the price falls, closing a daily candle below the $11 level, a massive downside momentum could occur. If this happens, LINK could face a sharp sell-off, with the price potentially dropping to the $8.65 level.
Current Price Momenutm
At press time, LINK was trading near $11.65 and had recorded a modest upside move of 1.25% in the past 24 hours. Despite the price surge, participation from traders and investors has plummeted, indicating that fear of a price drop still lingers in the market. Data from CoinMarketCap reveals that LINK’s 24-hour trading volume dropped by 25% compared to the previous day.
This drop in the trading volume, when aligned with the rise in the asset price, shows weaker upside momentum and indicates that the current rally may lack strong buyer support, increasing the chances of a potential reversal or consolidation.