Chainlink (LINK) Rises 15% on Whale Accumulation and Wallet Growth

Chainlink (LINK) has broken through a key resistance level between $25 and $26, rising nearly 15% in the past week [1]. At the time of writing, the token trades around $24.2, its highest level in seven months. This surge is supported by strong trading volume and a move above the 200-day moving average, indicating a bullish breakout. Whale activity has also played a crucial role, with large holders accumulating 1.1 million LINK—valued at approximately $27 million—over the past seven days [1]. The top 100 wallets increased their holdings by more than 12%, signaling renewed confidence from institutional and high-net-worth investors.

In addition to whale accumulation, organic network growth has surged, with analytics firm Santiment reporting nearly 9,600 new LINK wallets created in mid-August. Daily transfers from active addresses exceeded 9,800, setting records for 2025 [1]. These metrics are widely viewed as indicators of healthy adoption, showing that both retail and institutional demand are rising in tandem. The increased adoption is further supported by the launch of the Chainlink Reserve, a smart contract treasury that absorbs tokens from enterprise integrations, adding deflationary pressure on the circulating supply [1].

Chainlink’s expansion into the real-world asset (RWA) sector is another key factor driving optimism. The project recently introduced new ETF and equities data feeds, reinforcing its narrative as a bridge between traditional finance and blockchain. Partnerships with major entities like Intercontinental Exchange and SWIFT continue to strengthen its institutional relevance [1]. Analysts now see $29–$30 as the next major resistance zone, with some forecasts extending mid-term targets to $33–$38. Long-term projections suggest potential movement toward $57 and beyond if adoption accelerates [1].

The recent rally has drawn attention from both retail and institutional investors, with whale activity and wallet growth signaling sustained momentum. While a retest of the $20 level remains possible in the event of a market pullback, many bullish traders argue that the current trajectory is unlikely to reverse quickly. As Chainlink continues to solidify its position as a leading oracle provider and expands its role in tokenized markets, the question remains whether $30 is just the beginning of a new bull run for LINK.

Source: [1] Chainlink Surges to 7-Month High on Wallet Growth: Is $30 Be Just the Beginning? (https://www.newsbtc.com/chainlink-news/chainlink-surges-to-7-month-high-on-wallet-growth-is-30-be-just-the-beginning/)