Sergey Nazarov's White House Speech Triggers Chainlink Price Surge

Chainlink's LINK cryptocurrency surged past $10 for the first time since mid-May, fueled by co-founder Sergey Nazarov's speech at a White House technology leaders' event.

Nazarov spoke alongside US President Donald Trump and acknowledged that stablecoin adoption is growing the use of the US dollar. He also noted that tokenization is on track to expand global access to US equities.

However, despite the bullish momentum, LINK price has entered overbought territory and retested May's resistance zone. This may encourage profit-taking and liquidity rotation into other coins.