Chainlink Breaks $26 as Wallet Activity Hits Yearly High

Joe M
Chainlink (LINK)

Getting your Trinity Audio player ready...
  • Chainlink hits $26 with record-high wallet activity and new address growth.
  • Whales accumulated over $37M in LINK, signaling confidence.
  • Institutional adoption boosts outlook, with $30–$35 as next targets.

Chainlink (LINK) has crossed the $26 mark for the first time in seven months, driven by a surge in on-chain activity and growing whale accumulation. The momentum has sparked optimism among traders that LINK could soon challenge the $30 level, with short-term targets extending to $35.

On-Chain Activity Hits Record Levels

Santiment data shows that Sunday marked the busiest day for Chainlink transactions in 2025, with 9,813 unique wallets active on the network. The following day, 9,625 new wallets holding LINK were created — the highest daily figure recorded this year.

The spike in wallet activity reflects both rising retail engagement and stronger institutional participation, as Chainlink continues to expand its role as a leading decentralized oracle provider.

Whales Show Aggressive Accumulation

Large-scale investors are also making moves. On-chain tracker LookOnChain reported that a whale wallet recently withdrew 249,880 LINK, worth roughly $6 million, from Binance. This same address had previously removed over 1.29 million LINK (valued at $31.15 million) across several transactions in just four days.

The consistent withdrawals underscore heavy accumulation trends among whales, suggesting confidence in LINK’s price outlook as market traction builds.

Institutional Adoption Fuels Momentum

Chainlink’s rally is also being supported by its expanding institutional use cases. A recent partnership with Intercontinental Exchange (ICE) has positioned LINK as a key provider of real-world data feeds for fintech platforms. This includes emerging solutions like crypto payroll systems, enabling companies to handle salary payments in stablecoins while improving compliance and liquidity management.

Analysts point to these institutional arrangements as one of the driving forces behind LINK’s 18% price growth since the start of August.

Also Read: Chainlink Breaks Key Gann Angle — LINK Eyes $26.50–$38.50 Rally

Key Levels to Watch

Technical observers note $26.50 as an immediate resistance level. A sustained breakout could open the door to targets between $30 and $35. However, LINK’s current price at $24.30 suggests some consolidation may occur before another attempt at higher levels.

Whether Chainlink can sustain its bullish momentum will depend on continued institutional adoption and whale support, both of which are showing strong signs of growth.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

Related Posts