In the past 7 days, the price of Chainlink (LINK) has increased by nearly 15%, breaking out of the resistance zone ranging from 25 USD to 26 USD.
At the time of writing, LINK is trading around 24.92 USD, marking a 7-month high. This surge is accompanied by strong trading volume, confirming a decisive breakout above the 200-day moving average.
The whale accumulation wave has played a crucial role in driving this upward momentum. On-chain data shows that large investors have purchased 1.1 million LINK in the past 7 days, worth approximately 27 million USD.
The total volume of LINK token holdings in the top 100 wallets has also increased by over 12%, indicating renewed confidence from institutions and high-net-worth investors.
LINK wallet growth peaks in 2025
In addition to whale activity, the natural development level of the LINK network is also booming. The analytics platform Santiment reports that nearly 9,600 new LINK wallets were created in mid-August, while the daily transaction count from active addresses exceeded 9,800 – both figures are record highs in 2025.
The rapid increase in the number of newly created wallets and trading volume is often seen as a positive signal of a 'healthy' adoption process. With Chainlink, these indicators suggest that both retail and institutional demand are growing together, potentially supporting a more sustainable price increase.
This surge in activity coincides with the launch of Chainlink Reserve – a treasury of smart contracts designed to absorb tokens from enterprise integrations, thereby creating deflationary pressure on the circulating supply.
RWA growth and LINK's 30 USD target
The expansion of Chainlink (LINK) in the realm of real-world assets (RWA) continues to bolster optimistic prospects. The project has recently introduced additional data sources on ETFs and stocks, reinforcing its role as a bridge between traditional finance and blockchain.
Partnerships with major names like Intercontinental Exchange and SWIFT further highlight the importance of Chainlink in the eyes of institutions.
Analysts currently assess the 29–30 USD range as the next important resistance. A retest of the 20 USD mark could still occur if sentiment weakens, but bullish investors believe that the current momentum is unlikely to fade quickly. Some forecasts even extend mid-term targets to 33–38 USD, while the long-term outlook may aim for 57 USD or higher if adoption accelerates.
As Chainlink increasingly asserts its position as the leading oracle provider and expands its role in tokenized markets, investors are posing an important question: Is the 30 USD mark just the beginning of the next major growth cycle for LINK?