Bitcoin News Today: Chainlink Hits 7-Month High on Whale Accumulation and Institutional Adoption

Chainlink’s native token, LINK, has defied the broader cryptocurrency market’s recent downturn, climbing to a 7-month high amid increased whale accumulation and institutional adoption. Whale activity has surged, with large holders accumulating 1.15 million LINK tokens, pushing total whale holdings to over 5.43 million. The value of these holdings now exceeds $135 million, signaling strong long-term confidence in the token. Among major accumulators is World Liberty Financial, an entity linked to the Trump family, which holds nearly $1 million worth of LINK [1].

Meanwhile, Chainlink’s presence on centralized exchanges has diminished, with exchange-held balances falling to 269.56 million tokens from 280 million in the previous month. This decline suggests that investors are increasingly holding the token offline, reducing sell pressure and stabilizing the price [1]. The move is also seen as a positive sign for market fundamentals, as it indicates a shift toward accumulation rather than speculative trading.

The Strategic LINK Reserve initiative has further supported the token’s value by absorbing $2.4 million in LINK through on-chain and off-chain fees. This mechanism contributes to the project’s deflationary pressure, reinforcing the growing scarcity of the token. The reserve’s growth highlights Chainlink’s ongoing efforts to manage supply and create long-term value for stakeholders [1].

Technically, Chainlink’s price action has shown strength, with the token trading near $25.35 and forming a golden cross pattern. Momentum indicators like the Relative Strength Index and Stochastic Oscillator are trending upward, suggesting a potential move toward $30 [1]. Over the past four months, the token has gained 135 percent, reaching its highest level since January 2025, a performance that stands out in a market where most altcoins and even Bitcoin have faced declines.

The resilience of Chainlink’s price is attributed to its expanding utility in decentralized finance (DeFi) and real-world asset (RWA) tokenization. As one of the leading oracle networks, Chainlink powers major platforms such as Aave, Compound, and Maple, and has recently announced integrations with Base and Solana via the Chainlink CCIP protocol. Institutional adoption is also growing, with banks and financial institutions using Chainlink’s cross-chain infrastructure for upcoming products [1].

Large investors and institutional actors are playing a key role in shaping Chainlink’s price trajectory. With continued whale accumulation and reduced exchange exposure, the token appears to be consolidating as a more stable and valuable asset within the broader crypto ecosystem. As macroeconomic uncertainty persists and investor sentiment shifts toward defensive positions, Chainlink’s strong fundamentals and strategic initiatives position it to outperform during market corrections.

Source: [1] title1: Chainlink Price Hits 7-Month High Fueled by ... (https://coinlaw.io/chainlink-price-rally-wallets-whales-rwa/)

[2] title2: Injective Introduces Market for Nvidia GPU Rentals (https://m.economictimes.com/crypto-news-today-live-18-aug-2025/liveblog/123350562.cms)

[3] title3: Bitcoin Falls 2.77% as Crypto Market Stabilizes Ahead of ... (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-falls-2-77-crypto-market-stabilizes-fed-signals-2508/)