Chainlink Rises 4% Driven by $9.48M Institutional Inflows
Key Facts
Chainlink price rose 4% to $13.36 over a 24-hour period, outperforming Bitcoin’s modest 0.49% gain. CoinGape reported that Chainlink ETFs recorded their second-biggest inflow on record, totaling $9.48 million. This surge in institutional demand provided upward price momentum, helping the token maintain support above the $13.30 level.
The price action follows significant institutional accumulation and increased activity in LINK investment vehicles. While specific price levels for October 12, 2026, remain qualitative due to data limitations, the recent capital inflows indicate strong short-term sentiment. The token continues to show relative strength against the broader crypto market as institutional interest remains a primary driver of its recovery.