Crypto projects with more than $3 billion in total value locked have migrated their cross-chain infrastructure to Chainlink's Cross-Chain Interoperability Protocol (CCIP) following a $292 million exploit at KelpDAO, which heightened scrutiny of bridge security across decentralized finance.
KelpDAO, SolvProtocol, and re Abandon LayerZero as Security Failures Shake Protocol Confidence
In one week, Chainlink regained momentum in the crypto market. The LINK token rose by 15.27% and reached an intraday peak of $10.60, its highest level in over three months.
Chainlink strengthened its infrastructure dominance as shrinking LINK supply supported renewed market momentum.
The cryptocurrency market has seen increased commentary about the imminence of an altcoin season over the past week, with the Chainlink price performance a major contributor to the conversation. The LINK token, which has had a rough ride this year, seems to have roared back to life over the last few days.
Chainlink jumped 15.27% over the past seven days. The rally pushed LINK to an intraday peak of $10.6, its highest price since early February.
Chainlink price is rapidly emerging as one of the strongest infrastructure-driven recovery plays in the crypto market as whale accumulation, ETF inflows and shrinking exchange supply simultaneously reinforce the bullish case for LINK.
LayerZero apologized for its handling of the rsETH exploit fallout and admitted its 1/1 DVN model created security risks for high-value applications.
Whale wallets holding 100,000 to 10 million LINK added 32.93 million tokens in 30 days, lifting their balances by 7.7%. The daily setup points toward $15 and $17.52 if LINK keeps support around $9.40 and Bitcoin maintains its broader bid. Short-term structure remains cautious, with rejection near $10.40, downside pressure on MACD and $9.
Re Protocol migrates to Chainlink CCIP to secure reUSD distribution across multiple blockchain networks.
Chainlink's biggest active holder cohort has sharply increased its LINK exposure over the past month, according to Santiment, which says the move could point to a tightening supply setup if broader market conditions stay supportive. The on-chain signal stands out because the buying took place while LINK traded in a relatively muted range rather than during an obvious breakout.
Chainlink has posted an impressive weekly gain approaching 10%, driving the asset to approximately $10.10 as both institutional capital and blockchain metrics signal strengthening buyer momentum.