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Chainlink and PumpFun continue to dominate the market

2026-08-20 00:16:25
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The two major tokens that are currently receiving much attention on the market performed strongly this week. Chainlink's $LINK and PumpFun's $PUMP have both risen more than 10% in the past seven days, outperforming most cryptocurrency markets and regaining the attention of traders. LINK rose 11.4% during the period, while $PUMP rose 13.3%.

What are the driving factors?

For $LINK, this round of rise is in line with Chainlink's grand narrative as the core blockchain infrastructure. Institutional interest around Chainlink's CCIP infrastructure continues to rise, and cross-chain interoperability is increasingly becoming a key layer in tokenized real-world asset markets. On-chain activity also showed signs of accumulation, with the number of wallets holding at least 1 LINK soaring to more than 535,000, the highest level since 2022.

The rise in $PUMP seems to be supported by actual platform activity. As of August 11, 2026, weekly agreement fees exceed US$10 million, half of which is used for token repurchase and destruction. Earlier this month, PUMP surged more than 14% in 24 hours, pushing its market value to about $1 billion, and trading volume jumped more than 71%. Pump.fun's repurchase and destruction program and the liquidation of short positions of more than $2.13 million jointly contributed to the rally.

Other noteworthy gainers this week

The gains in $LINK and $PUMP are not isolated phenomena. Several other assets also recorded significant weekly gains.$ POL,$WLFI and $ZEC were all listed as significantly rising currencies in the same week, indicating that the overall risk appetite in the altcoin market is expanding.

As always, short-term price fluctuations in cryptocurrencies can quickly reverse, and investors should weigh momentum and fundamentals before taking action. Pump.fun is a Solana-based memecoin utility token issuance platform that adopts a viral code-free model, making it easy for ordinary users to create tokens. Chainlink provides a secure, decentralized oracle network that connects smart contracts with real-world data.

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