Chainlink (LINK) Surges 25.79% as Daily Wallets Hit 2,995

Chainlink (LINK) has shown significant adoption momentum, with nearly 3,000 new daily wallets recorded on August 18, 2025, as the token tested a key resistance range of $25–26. This surge in on-chain activity coincided with a price increase to $25.79, indicating growing user engagement and renewed interest in the decentralized oracle network. The correlation between rising wallet creation and upward price movement suggests a potential breakout scenario, particularly if volume confirms the move above $28. Analysts have noted that a successful break could target a price range of $40–50, while a failure to clear the resistance could lead to a pullback toward $15–17 or even a retest of the $8.20 support level [1].

The rapid increase in daily wallets—from an average of 800–1,600 in April–May to nearly 3,000 by mid-August—aligns with a broader trend of network expansion. This growth has been closely tied to LINK’s price action, with the token breaking above $15 in mid-July as wallet creation rose to approximately 2,000 per day. The recent acceleration to 2,995 new wallets signals increased on-chain activity, which can serve as a leading indicator of price momentum if supported by strong trading volume [2].

From a technical perspective, the $25–26 resistance level is critical as it aligns with a descending trendline from the 2021 peak of $53. A sustained move above $28 would be seen as confirmation of the bullish case and could improve the likelihood of a price target in the $40–50 range by August 21, 2025. However, this projection is based on analyst forecasts and should be treated as a potential outcome rather than a guaranteed price movement. The market will need to demonstrate strong volume and sustained on-chain activity to validate the continuation of the uptrend [1].

On the flip side, if LINK fails to overcome the $25–26 barrier, the price could face downward pressure, with the first key support level expected to be around $15–17. A more severe breakdown might see the price retesting the $8.20 support, which has acted as a structural base since 2022. Traders and investors are advised to monitor not only price action but also key on-chain metrics such as daily wallet trends, volume levels, and exchange outflows to gauge the strength of the current rally [2].

The recent developments underscore Chainlink’s growing influence in the blockchain infrastructure space, particularly in decentralized finance (DeFi), where it serves as a critical link between smart contracts and real-world data. As more users and institutions adopt the network, the potential for sustained demand in LINK tokens increases, supporting the possibility of further price appreciation. However, the market remains subject to broader economic and regulatory factors, which could impact the trajectory of the asset [1].

The surge in wallet creation also reflects a broader appeal of the Chainlink ecosystem, with each new address potentially representing users, developers, or enterprises integrating the network into their projects. This trend supports the long-term value proposition of Chainlink and highlights the importance of adoption in driving token price dynamics. Continued growth in on-chain activity could reinforce bullish expectations, provided that volume and price align with the projected technical scenarios [2].

[1] Justice Integrity Project - August 2025 News (https://www.justice-integrity.org/news-reports/2137-august-2025-news)

[2] Latest News - 8D Invest (http://www.8dinvest.com/cryptoNewsInfo.php)