Chainlink Whales Accumulate 0.67% Supply Amid Reserve Launch and 36% Price Surge

Late August 2025 has seen notable accumulation activity in the Chainlink (LINK) market, with whale wallets acquiring 0.67% of the total token supply [1]. This buying pressure coincides with the launch of the Chainlink Reserve, a newly established on-chain reserve mechanism designed to support the long-term growth of the network [1]. The reserve has attracted $1 million in funding from both on-chain and off-chain revenue streams, signaling a strategic move toward institutional adoption and sustainability [1].

The accumulation is evident in on-chain data showing that wallets holding between 100,000 to 1,000,000 LINK increased by 4.2% in August [1]. This represents approximately $85 million worth of tokens, indicating strong confidence among high-net-worth investors. Simultaneously, exchange reserves for LINK have dropped significantly, suggesting a potential supply shock as tokens are increasingly held off-exchange [1].

Market dynamics have also shifted sharply in the short term. Over the past 30 days, LINK has appreciated by 36%, with a 12% rise in the last week and a 13% gain in the past 24 hours [1]. Spot trading volume for LINK surged by 300% in the last 24 hours to $1.37 billion, while derivatives volume rose by 252% to $2.63 billion [1]. Open interest increased by 24.7%, suggesting traders are positioning for larger price swings rather than liquidation, reinforcing a bullish sentiment.

On August 7, the Chainlink Reserve was officially introduced, a mechanism aimed at removing tokens from circulation and incentivizing node operators [1]. The same period also saw the launch of Data Streams for U.S. stocks and ETFs, a development quickly adopted by platforms such as GMX and Kamino Finance [1]. Additionally, Brazil’s Drex CBDC pilot utilized Chainlink’s Cross-Chain Interoperability Protocol for a trade finance initiative [1].

From a technical perspective, Chainlink’s indicators remain favorable. All major moving averages are in buy territory, and the RSI stands at 61, suggesting the asset has room to grow before reaching overbought levels [1]. The Awesome Oscillator and Momentum indicators point to continued buying pressure. If the price moves above $19.16, it could test resistance levels between $20.50 and $21. However, a failure to hold above the mid-Bollinger Band around $18 could lead to a retest of the $17.20–$17.50 support zone [1].

Whale accumulation is often seen as a sign of long-term confidence. In this case, the timing—alongside protocol upgrades and expanding real-world applications—suggests a coordinated effort to build momentum. While whale activity alone does not ensure a price breakout, it supports a broader narrative of accumulation and bullish positioning [1].

The broader market appears to be witnessing increased institutional and strategic buying in the crypto space, particularly among projects with clear use cases. Whether this translates into a sustained price increase or a consolidation phase remains to be seen. However, the accumulation patterns and improving technical indicators suggest a potential LINK breakout is gaining credibility [1]. Investors are now watching for alignment between on-chain behavior and technical patterns to confirm the next move.

Source:

[1] Chainlink whales add 0.67% of supply in August — Is a LINK breakout on the way? (https://crypto.news/chainlink-whales-add-0-67-of-supply-link-breakout-2025/)

[2] Chainlink Price Today, Market Cap, LINK Price Chart (https://coincheckup.com/coins/chainlink)