Chainlink (LINK) is entering a critical phase as major banks in the Middle East adopt its technology, while the amount of LINK available on crypto exchanges has dropped to multi-year lows. Investors and analysts are now asking: Is a breakout on the horizon, or could this rally fizzle out?
Saudi Awwal Bank (@alawwalsab), one of Saudi Arabia’s largest banks with over $100 billion in total assets, is leveraging several Chainlink services to facilitate the deployment of next-generation onchain applications in Saudi Arabia.
Under the innovation agreement, SAB is… https://t.co/DAvUawI3Yg pic.twitter.com/Zhlm1GJdGp
— Chainlink (@chainlink) September 16, 2025
Institutional Adoption: A Milestone for Chainlink
In a landmark move, Chainlink has partnered with Saudi Awwal Bank, which manages over $100 billion in assets. The bank will integrate Chainlink’s services to roll out new on-chain financial applications in Saudi Arabia. This is evidence that Chainlink has evolved far beyond its reputation as a DeFi oracle provider.
Its technology is increasingly being used in real-world assets (RWA) and traditional financial systems, positioning Chainlink as core infrastructure for the next generation of finance.
Shrinking Supply, Rising Pressure
At the same time, LINK supply on crypto exchanges has plummeted to multi-year lows, signaling that large investors are accumulating tokens and holding them long-term. This reduction in liquidity creates conditions for sharper price moves, especially if fresh capital flows in.
The narrative is shifting from speculation to genuine demand for a scarce asset.
Analysts Eye $52 Price Target for LINK
The Saudi Awwal Bank partnership is fueling optimism that LINK could reclaim its old highs. Analysts are increasingly citing $52 as a near-term price target, close to its all-time high.
Some even draw parallels to Bitcoin: if BTC pushes toward $150,000, LINK could experience a similar rally.
Expanding LINK Partnerships and Global Reach
Beyond Saudi Arabia, Chainlink is collaborating with UBS and DigiFT to expand into China’s real-world asset markets. Meanwhile, Grayscale and Bitwise have filed ETF applications that include LINK, adding further institutional weight.
Other projects like Polymarket are adopting Chainlink for faster, more reliable prediction markets, showcasing its versatility and broadening demand.
A Mature Asset in a Volatile Market
Despite such headlines, LINK’s price often reacts modestly to big announcements. This restrained behavior reflects its position as an established piece of crypto infrastructure, with investors valuing it as a long-term growth asset rather than a short-term speculative play.
With supply tightening, institutional adoption accelerating, and analysts raising targets, Chainlink may be on the cusp of its next big chapter.
