Chainlink (LINK) Price: Partners With PublicAI as Whales Accumulate 1.25 Million Tokens

04-Sep-2025

TLDR

  • Chainlink partnered with PublicAI under its BUILD program to develop AI-powered prediction markets
  • Whales accumulated 1.25 million LINK tokens while exchange outflows hit $1.84 million
  • LINK holds support at $23 with resistance expected around $31 and potential targets at $47
  • Short liquidations reached $180K compared to only $14K in long liquidations
  • PublicAI’s Data Hub features 2.9 million verified contributors providing skill-validated data

Chainlink has formed a new partnership with PublicAI through its BUILD program. The collaboration focuses on developing AI-powered prediction markets and on-chain reputation systems.

LINK currently trades at $23.75 with a market cap of $16.15 billion. The token gained 2.08% in the past 24 hours with trading volume reaching $1.55 billion.

Chainlink (LINK) Price
Chainlink (LINK) Price

PublicAI operates a Data Hub with over 2.9 million verified contributors. These contributors receive rewards for providing skill-validated data used to train AI systems and support inference models.

The partnership gives PublicAI access to Chainlink’s oracle services and technical support. PublicAI will reserve a portion of its native token supply for LINK service providers and network stakers.

Whale Activity Drives Supply Reduction

Whales purchased 1.25 million LINK tokens over the past 48 hours. Exchange outflows totaled $1.84 million during the same period, reducing the liquid supply available for trading.

The accumulation pattern shows large holders are removing tokens from exchanges. This typically indicates long-term holding intentions rather than short-term trading.

LINK’s technical chart displays a rounded bottom formation on the weekly timeframe. This pattern suggests a long accumulation phase followed by a potential bullish breakout.

Source; TradingView

The token cleared the $23.69 Fibonacci extension level. It now faces resistance within the $28-$32 supply zone.

Analysts identify key upside targets at $31.57, $39.45, and $44.32 based on Fibonacci levels. Some technical analysts see potential for a move toward $47 if current resistance breaks.

The MACD indicator remains in bullish alignment. The blue line stays above the signal line with positive histogram momentum.

Short Liquidations Signal Squeeze Potential

Recent liquidation data shows $180K in short positions were forced to close. Long liquidations only reached $14K during the same timeframe.

This imbalance indicates bearish traders are feeling pressure as LINK maintains stability above $23. Short covering often provides additional buying pressure that can fuel further price increases.

Spot trading volume has accelerated according to Volume Bubble Map data. Rising spot activity typically signals stronger conviction from both retail and institutional participants.

Source: CryptoQuant

The current setup shows buyers actively positioning while sellers remain cautious. Volume increases often accompany structural breakouts in technical analysis.

Failure to hold above the $23 support level could lead to a retest of $18.82. However, the combination of whale accumulation and reduced exchange supply provides downside protection.

The PublicAI partnership utilizes Chainlink Runtime Environment (CRE) for various applications. These include reputation scores, real-time risk assessment, and prediction market decisions activated through AI-linked oracle protocols.

At press time, LINK trades at $23.44 above the key Fibonacci extension level, with technical indicators supporting the potential for continued upward movement toward the $31-$40 target zone.

The post Chainlink (LINK) Price: Partners With PublicAI as Whales Accumulate 1.25 Million Tokens appeared first on CoinCentral.

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