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🔥 ETH Is About to Reach a New High, Which "Ethereum Ecosystem" Alpha Tokens Are Worth Paying Attention To?
Recently, ETH price is approaching its historical peak, with a strong upward momentum, and institutional funds are accelerating their inflow.
Against this background, multiple Ethereum ecosystem tokens are showing positive signs. In this article, we have carefully selected 12 Alpha tokens to interpret their latest developments and bullish reasons. 👇

11/12 ⭐️ $LINK
As a leading oracle provider, Chainlink recently launched a new Chainlink Reserve mechanism, automatically converting service fees paid by businesses and DApps into LINK and depositing them into an on-chain reserve pool. Over $1 million worth of LINK has already been accumulated, providing a steady stream of future revenue and reducing market selling pressure on LINK. Officials have stated that the reserve will not be withdrawn for several years and will be used to support the long-term growth of the network. This can be considered a deflationary "burn" of LINK.
Furthermore, as of August, the Chainlink network and its oracles secured over $93 billion in DeFi value, a record high. This includes over 83% of Ethereum's on-chain assets and nearly 100% of assets on new chains like Base.
Chainlink also recently partnered with ICE, the parent company of the New York Stock Exchange, to seamlessly integrate its foreign exchange and precious metals data onto the chain. Looking ahead, as oracle services become more deeply integrated into the DeFi and Recurring Value Allocation (RWA) narrative, LINK has a greater chance of rising.
12/12 ⭐️ $PENGU
Last month, PENGU staged a comeback, capitalizing on the NFT and memecoin narrative, surging over 400% in just 30 days. This was primarily driven by institutional interest. Well-known firm Canary Capital submitted an application for the world's first dual-asset NFT and token ETF—the Canary Spot PENGU ETF. The proposed portfolio consists of 80-95% PENGU tokens and 5-15% Pudgy Penguins NFTs.
After the news that the SEC officially accepted the ETF application, market expectations for the "Penguin ETF" grew optimistic, and PENGU tokens subsequently surged.
⚠️ Risk Warning: The above analysis is for reference only and does not constitute investment advice.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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