The main reason why it pump now is the fake breakout above 10$ (1.5 year resistance). I made post here, in 2021, when link was trading around 28$ calling it "superovervaluated" despite some calling $20 as strong support and praising the project itself. We've dropped over 80% since then. The current pump has not reached half of the valuation from the beginning of this thread, and yet, in my opinion, this project is still "superovervaluated".
2 years have passed and LINK still has not built a user base, it is still used only by the margins of the market and most current, short-term investors have no idea what this project is for.
of course, it can still pump, but investing in it is gambling, and the profit depends on how much money the market operator still has and where his target for profit is, because the project itself is not worth even $600 million, let alone $6 billion, which is its current valuation.