Key HighlightsBanking institution Standard Chartered establishes a $200 LINK valuation target for 2030, projecting $13 by late 2026Large-holder transactions exceeding $100K reached 246 within 24 hours following the projection announcement—highest in five monthsAddresses containing 100K–10M LINK tokens now account for 46.57% of total circulating supplyLINK’s MVRV indicator generated a golden cross pattern above its 200-day SMA—first occurrence in over twelve monthsDespite a 6.8% gain since Monday, LINK continues trading over 28% below its year-opening priceOn Monday, Standard Chartered announced coverage initiation for Chainlink (LINK), establishing a $200 valuation objective for 2030. The financial institution’s roadmap anticipates LINK reaching $13 by late 2026, advancing to $82 in 2028, and climbing to $133 throughout 2029.Chainlink (LINK) PriceThe bank’s analysis emphasized Chainlink’s expanding influence within asset tokenization and decentralized finance ecosystems as primary catalysts for future appreciation.Following this disclosure, major wallet movements intensified significantly. Data from blockchain intelligence provider Santiment documented 246 transfers exceeding $100,000 within a consecutive 24-hour period—marking the highest single-day tally recorded over the past five months.Standard Chartered initiates coverage of Chainlink $LINK, forecasting a price of $200 by end of 2030The bank sees Chainlink underpinning the tokenization trend, a market set to grow to $4 trillion by 2028 pic.twitter.com/qx1ZK9MvGP— Zach Rynes | CLG (@ChainLinkGod) August 10, 2026Large holders controlling between 100,000 and 10 million LINK tokens currently possess 466.31 million coins, representing 46.57% of available circulation. According to Santiment’s analysis, this segment’s holdings have expanded in tandem with rising transaction volumes. Live Chart: https://t.co/5wlYZ9x9jz Chainlink whale activity has seen a significant spike. The network saw 246 separate $100K+ LINK transactions in 24 hours, its highest daily level in 5 months. This coincides with the fact that wallets holding 100K to 10M LINK now… pic.twitter.com/1EACyuTF1O— Santiment Intelligence (@SantimentData) August 12, 2026Cryptocurrency analyst Ali Charts observed that transfers surpassing $1 million climbed from approximately 1 to nearly 15 during a 96-hour window. With LINK hovering around $8.70 during this period, analysts identified $9 as the critical resistance threshold for continuation.Multiple Technical Indicators Align PositivelyThree separate technical metrics are currently displaying convergent bullish signals for LINK.The Market Value to Realized Value (MVRV) ratio crossed above its 200-day simple moving average in a golden cross formation—the first such occurrence in more than twelve months. Ali Charts highlighted that comparable setups previously preceded a 155% advance in November 2024 and an 85% increase during July 2025.2/7 For the first time in more than a year, $LINK MVRV Ratio has formed a golden cross against its 200 SMA.Historically, this has been a major bullish signal. It led to a 155% bull run in November 2024 and an 85% rally in July 2025.If history repeats itself, this new… pic.twitter.com/M2gWX0p7OK— Ali Charts (@alicharts) August 13, 2026Additionally, the monthly TD Sequential indicator generated a buy signal. Given its monthly timeframe positioning, market technicians assign greater weight to this signal compared to shorter-duration indicators.A confirmed breakout with daily settlement above $9 could establish a trajectory toward $10, with potential extension to $11.30—representing approximately 30% upside from present levels. Critical support levels are positioned at $8.30, followed by $8.00.ETF Activity and Exchange Holdings Present Mixed PictureSpot LINK exchange-traded funds recorded modest inflows of $150,307 during the previous week, while experiencing zero inflows across two of the preceding three weeks. Total cumulative net inflows have reached $128.29 million compared to $114.87 million in aggregate net assets.According to CryptoQuant metrics, exchange-held reserves decreased from 142.8 million LINK tokens in late June to approximately 122.3 million by early August, before reversing course to climb back to 123.7 million—a movement pattern often interpreted as distribution during price rallies.LINK continues trading more than 28% beneath its year-to-date opening level. The 6.8% advance recorded since Monday’s forecast announcement has yet to offset these earlier losses.Total accumulated spot LINK ETF net inflows presently measure $128.29 million.The post Chainlink (LINK) Eyes $200 Price Target: Standard Chartered’s Bold Forecast Sparks Whale Activity appeared first on Blockonomi.