$LINK 🚀🚀📊
LINK recently shattered multi-month records in wallet activity: August 17 saw ~9,800 wallets transact, followed by ~9,600 new wallets created on August 18—both the highest of 2025. Active addresses and whale transactions (>$100k) also reached peaks, alongside a bullish sentiment ratio of 3.3:1 .
The result? A price spike above $26, though it recently retraced near $24, still up ~12.6% weekly .
Institutional & Ecosystem Drivers
Chainlink Reserve Launch: In August, Chainlink introduced an on-chain treasury/reserve to accumulate LINK and reduce circulating supply, aiming for price stabilization .
Partnerships & Integrations: Bitget integrated Chainlink’s Proof of Reserve (PoR) for wrapped BTC (BGBTC), reinforcing LINK’s transparency value. Additionally, institutional moves are gaining momentum .
Price Forecasts
Analysts and on-chain data suggest a potential breakout toward $30 if momentum and on-chain activity remain high . Some long-term bullish extension targets range from $68 to $219, though such projections reflect best-case scenarios and should be approached with caution .
Market Conditions & Risk
LINK dipped to around $23.85 on August 10 amid broader market weakness, with diminished total crypto market cap and trading volume . However, subsequent recovery and renewed whale interest indicate resilience.
