Chainlink Surges 15% on Whale Accumulation and Reserve Launch

Chainlink (LINK) has surged more than 15% in recent trading sessions, driven by increased whale accumulation, improved network fundamentals, and the launch of the Chainlink Reserve on Ethereum. The token reached a high of $21.00, with the rally attributed to growing confidence among large holders and institutional participants. Whale transactions involving nearly $1.21 billion in LINK were recorded within a 24-hour period, marking a significant increase in on-chain activity [1].

Crypto analytics firms noted a 4.2% rise in wallets holding between 100,000 and 1 million LINK tokens, reinforcing the trend of whale accumulation [2]. Santiment highlighted that large holders have added 27 new wallets in this range since the beginning of August, signaling a strengthening on-chain presence [3]. This pattern has historically been a precursor to extended price rallies, particularly when supported by strong fundamental developments [4].

A key factor behind the surge is the recent launch of Chainlink Reserve, an on-chain mechanism designed to allocate enterprise-generated revenue toward the accumulation of LINK. This initiative has already secured $1.16 million worth of the token, reflecting a structural shift in Chainlink’s tokenomics and a growing institutional interest [5]. The move is expected to enhance LINK’s utility and long-term value, particularly in decentralized finance (DeFi) ecosystems that rely on Chainlink oracles for data integrity [6].

Technical indicators also support the recent bullish momentum. The Relative Strength Index (RSI) stands at 69.34, indicating strong upward movement without reaching overbought levels. Meanwhile, the Moving Average Convergence Divergence (MACD) remains above its signal line, suggesting continued positive momentum. The price of LINK has moved above key moving averages, including the 7-day and 200-day Simple Moving Averages, reinforcing the strength of the uptrend [7].

The surge has also had a broader impact on DeFi and the cryptocurrency market. Ethereum, which is closely associated with DeFi protocols, has seen its price rise alongside Chainlink, pointing to correlated market dynamics [8]. Analysts have noted that increased LINK wallet activity and higher transaction volumes may lead to greater staking participation and liquidity movement, further solidifying Chainlink’s role in the DeFi space [9].

Chainlink’s market capitalization has now approached $13 billion, with the token maintaining a 10.94% increase over the last 24 hours [10]. Some analysts have adjusted their price targets upward, projecting potential movement toward $68 if the current accumulation trends continue [11]. Immediate resistance is seen at $21.09, and a breakout above this level could push the price toward $24.00, representing a 15% gain from current levels [12].

The combination of whale accumulation, institutional confidence, and strong technical indicators has positioned Chainlink as one of the most active altcoins in the current market cycle. Traders are advised to watch key support levels, particularly the $19.00 zone, which is considered crucial for maintaining bullish momentum [13]. Given the favorable risk-reward profile, LINK remains an attractive option for investors who enter with well-defined stop-loss and take-profit strategies [14].

Source:

[1] Chainlink Whales Scoop Up $150 Million LINK In Two Weeks, Mitrade, https://www.mitrade.com/au/insights/news/live-news/article-3-1026492-20250810

[3] Can Chainlink Reserve help LINK sustain its 14% price gains?, AMBCrypto, https://ambcrypto.com/can-chainlink-reserve-help-link-sustain-its-14-price-gains/

[4] Chainlink (LINK) Surges 11% as Whales Accumulate After Reserve Launch, Blockchain, https://blockchain.news/postamp?id=20250809-chainlink-link-surges-11-as-whales-accumulate-after-reserve-launch

[5] Fomoed News, Fomoed, https://www.fomoed.io/news/chainlink-rockets-15-as-whales-pile-in-and-network-fundamentals-strengthen

[11] Why is Chainlink (LINK) Price Up Today?, Coinpedia, https://coinpedia.org/news/why-is-chainlink-link-price-up-today/