Chainlink Rockets to 7-Month Peak as Wallet Activity Soars

Chainlink (LINK) has defied recent market volatility, reaching a 7-month high with a surge in trading volume and renewed investor confidence. At the time of writing, LINK trades around $24.57, confirming a bullish breakout above the 200-day moving average.

The rally reflects both technical momentum and fundamental strength, with whale accumulation playing a critical role.

On-chain data shows that large holders accumulated over 1.1 million LINK tokens, valued at roughly $27 million in just one week. The top 100 wallets increased their holdings by more than 12%, further strengthening the bullish outlook.

Source: Bitrue Platform

Chainlink Wallet Growth Hits 2025 Highs

Beyond whale behavior, retail and institutional activity also reached new highs. Analytics firm Santiment reported that nearly 9,600 new Chainlink wallets were created in mid-August, while daily transfers exceeded 9,800, both setting 2025 records.

This wallet growth and transaction activity indicate strong organic demand. For Chainlink, it suggests that adoption is not only spreading among institutional players but also accelerating at the retail level.

The Chainlink Reserve, a treasury that absorbs tokens from enterprise integrations, has added additional deflationary pressure, reducing circulating supply and supporting long-term price growth.

Source: Santiment on X

Real-World Adoption Driving Momentum

Chainlink continues to expand its role in real-world asset (RWA) tokenization, a sector gaining strong traction in 2025. The project recently launched ETF and equities data feeds, reinforcing its mission to bridge traditional finance with blockchain.

Major partnerships with Intercontinental Exchange (ICE), SWIFT, and Google Cloud have positioned Chainlink as the go-to decentralized oracle provider.

Cuy Sheffield, head of crypto at Visa, also highlighted Chainlink’s CCIP technology for enabling secure cross-border settlement between tokenized assets.

These integrations strengthen Chainlink’s utility across both DeFi and enterprise ecosystems, a key factor behind the LINK token surge.

Read Also: Chainlink Price Analysis and Prediction: Will LINK Hit $30 Soon?

Technical Analysis and Price Outlook

Technically, LINK is displaying a strong bullish setup. The RSI at 64 indicates healthy momentum, though nearing overbought conditions, while the Stochastic Oscillator at 87 suggests short-term caution.

Key levels to watch:

1. Resistance: $27.50–$28.00, with $30 as the next major target.

2. Support: $22.50, with a stronger base near $21.00.

Most analysts agree that a Chainlink price prediction of $30 is well within reach if momentum continues. Mid-term projections even extend toward $33–$38, with long-term forecasts aiming as high as $57 if adoption accelerates.

Read Also: XXXX Vs Chainlink (LINK): Price Surge To $26?

Chainlink’s Market Strength Amid Volatility

Currently, LINK is priced around $24.57, with a market cap of $16.48 billion and a 24-hour trading volume of $30.585 million. Despite short-term pullbacks, Chainlink’s resilience proves it is far from a speculative asset.

Instead, it continues to attract investors who prioritize real-world utility and long-term adoption over short-lived hype.

Unlike many altcoins, Chainlink has demonstrated the ability to withstand market corrections while continuing to expand its ecosystem. This makes LINK one of the strongest infrastructure tokens in the crypto space today.

Read Also: Top Altcoin Movers Today: Bitcoin Holds Firm Above $117K

Conclusion

Chainlink’s surge to a 7-month high highlights its unique strength in the current market. With whale accumulation, record wallet activity, and expanding real-world adoption, the momentum behind LINK appears sustainable.

If current trends hold, a push toward $30 and beyond could be imminent.

Stay ahead of the latest crypto market updates, deep-dive analyses, and price forecasts by following the Bitrue blog.

FAQ

Why is Chainlink’s price surging now?

Chainlink’s rally is fueled by whale accumulation, record wallet growth, and the launch of the Chainlink Reserve, which reduces circulating supply.

What is the next price target for LINK?

Analysts are eyeing $29–$30 as the next major resistance zone, with mid-term targets extending to $33–$38.

How does Chainlink’s on-chain activity support its price?

A surge in new wallet creations and daily transactions indicates strong network adoption, both retail and institutional, which supports long-term growth.

Can Chainlink reach $50 or higher?

While $30 is the short-term target, long-term predictions suggest LINK could climb toward $50–$57 if adoption and enterprise integrations continue expanding.

Is Chainlink a good long-term investment?

Given its strong role as a decentralized oracle provider, deep institutional partnerships, and expanding real-world use cases, many analysts view Chainlink as a solid long-term investment compared to hype-driven tokens.