Chainlink joins Korea's KRW stablecoin alliance GAKS as LINK price tests key support

Chainlink Labs has joined the Global Alliance for KRW Stablecoin, an initiative launched in November 2025 by WEMADE to build standards for Korean-won-backed stablecoins. Following the announcement, LINK rose by over 1% in 24 hours as large holders accumulated tokens and technical indicators showed oversold conditions. LINK is trading below major moving averages, with short-term rebounds possible while the broader trend remains cautious.