Recent moves in the Chainlink price, driven by ETF news and on-chain developments, have sparked renewed debate over whether LINK can sustain its latest rebound.
Over the past few days, Chainlink has seen sharp swings. The LINK price jumped to $14.84 on the back of stronger network activity, growing institutional interest, and attention around Grayscale‘s new Chainlink ETF, ticker GLNK. However, the rally quickly faded and the token slipped back to $11.79.
By December 5, LINK had started to recover again, trading near $14.1 and posting almost a 5% weekly gain. That said, this volatility highlights how sensitive the asset remains to flows, news, and broader sentiment in the crypto market.
The initial drop toward about $11.79 was short-lived, as buyers stepped in and pushed LINK back toward the $14 area. Moreover, the rebound coincided with Grayscale launching its Chainlink ETF on NYSE Arca, providing one of the few institution-focused investment vehicles directly tied to LINK.
In parallel, Coinbase and Chainlink have officially rolled out a new bridge connecting Solana with Base, Ethereum’s Layer-2 network developed by Coinbase. This Solana–Base link is an important step for cross-chain data and liquidity, reinforcing Chainlink’s role in tokenization and interoperable infrastructure.
All of these developments strengthen the broader narrative around Chainlink. However, whether this translates into sustained market momentum will depend on continued ETF inflows, on-chain activity, and risk appetite across digital assets.
From a technical perspective, the main resistance to watch is around $14.6. A clean break and daily close above that level, supported by strong trading volume, could open the door for a move toward $18.3. Moreover, if buyers maintain control, an extension up to roughly $19.3 becomes plausible.
In such a scenario, the price of LINK could place it among the top large-cap movers, especially if GLNK attracts meaningful assets under management. That said, traders will likely monitor whether short-term holders take profits into strength, which could cap upside in the near term.
Despite the positive headlines, downside risk remains. Crypto markets can reverse quickly, particularly after news-driven rallies. The most important support area to watch sits near $11.6, a zone that has acted as a strong floor during previous cooldowns.
If LINK loses the $11.6 level on convincing volume, the current rally may lose steam. In that case, price could slide toward the $9 region, which served as a supportive area in earlier corrections. However, a bounce from that zone would likely attract fresh accumulation from long-term believers in Chainlink’s technology.
Taking both bullish and bearish paths into account, many analysts see the Chainlink price staying within a moderate trading band over the coming year. Most public Chainlink price prediction estimates for December 2025 cluster between $13 and $20, guided by adoption trends, market liquidity, and the continuing impact of the ETF launch.
Views on the exact trajectory differ. However, there is broad agreement that Chainlink’s underlying fundamentals remain solid. Expanding tokenization markets, growing oracle demand, and accelerating cross-chain development — including the Solana–Base bridge — all contribute to sustained investor interest in LINK.
In summary, Chainlink’s outlook appears constructive but range-bound in the near term, with $14.6 and $11.6 emerging as the key technical levels that could define its next decisive move.

Highlights: US prosecutors requested a 12-year prison sentence for Do Kwon after the Terra collapse. Terraform’s $40 billion downfall caused huge losses and sparked a long downturn in crypto markets. Do Kwon will face sentencing on December 11 and must give up $19 million in earnings. US prosecutors have asked a judge to give Do Kwon, Terraform Labs co-founder, a 12-year prison sentence for his role in the remarkable $40 billion collapse of the Terra and Luna tokens. The request also seeks to finalize taking away Kwon’s criminal earnings. The court filing came in New York’s Southern District on Thursday. This is about four months after Kwon admitted guilt on two charges: wire fraud and conspiracy to defraud. Prosecutors said Kwon caused more losses than Samuel Bankman-Fried, Alexander Mashinsky, and Karl Sebastian Greenwood combined. U.S. prosecutors have asked a New York federal judge to sentence Terraform Labs co-founder Do Kwon to 12 years in prison, calling his role in the 2022 TerraUSD collapse a “colossal” fraud that triggered broader crypto-market failures, including the downfall of FTX. Sentencing is… — Wu Blockchain (@WuBlockchain) December 5, 2025 Terraform Collapse Shakes Crypto Market Authorities explained that Terraform’s collapse affected the entire crypto market. They said it helped trigger what is now called the ‘Crypto Winter.’ The filing stressed that Kwon’s conduct harmed many investors and the broader crypto world. On Thursday, prosecutors said Kwon must give up just over $19 million. They added that they will not ask for any additional restitution. They said: “The cost and time associated with calculating each investor-victim’s loss, determining whether the victim has already been compensated through the pending bankruptcy, and then paying out a percentage of the victim’s losses, will delay payment and diminish the amount of money ultimately paid to victims.” Authorities will sentence Do Kwon on December 11. They charged him in March 2023 with multiple crimes, including securities fraud, market manipulation, money laundering, and wire fraud. All connections are tied to his role at Terraform. After Terra fell in 2022, authorities lost track of Kwon until they arrested him in Montenegro on unrelated charges and sent him to the U.S. Do Kwon’s Legal Case and Sentencing In April last year, a jury ruled that both Terraform and Kwon committed civil fraud. They found the company and its co-founder misled investors about how the business operated and its finances. Jay Clayton, U.S. Attorney for the Southern District of New York, submitted the sentencing request in November. TERRA STATEMENT: “We are very disappointed with the verdict, which we do not believe is supported by the evidence. We continue to maintain that the SEC does not have the legal authority to bring this case at all, and we are carefully weighing our options and next steps.” — Zack Guzmán (@zGuz) April 5, 2024 The news of Kwon’s sentencing caused Terraform’s token, LUNA, to jump over 40% in one day, from $0.07 to $0.10. Still, this rise remains small compared to its all-time high of more than $19, which the ecosystem reached before collapsing in May 2022. In a November court filing, Do Kwon’s lawyers asked for a maximum five-year sentence. They argued for a shorter term partly because he could face up to 40 years in prison in South Korea, where prosecutors are also pursuing a case against him. The legal team added that even if Kwon serves time in the U.S., he would not be released freely. He would be moved from prison to an immigration detention center and then sent to Seoul to face pretrial detention for his South Korea charges. eToro Platform Best Crypto Exchange Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users 9.9 Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

