Chainlink's LINK token has just recorded an impressive breakthrough, reaching the highest level in the past seven months. On August 18, the price of LINK surpassed the 26 USD mark before slightly adjusting to 25.9 USD at the time this article was written.
Growth drivers: Whales accumulate, organizations expand adoption
In the past month, LINK has increased by 38%, standing out amidst the mixed picture of the market. Notably, this is the only cryptocurrency in the top 15 market capitalization that recorded a green signal in the last 24 hours, demonstrating relatively outstanding strength.
One of the reasons driving this increase comes from the strong accumulation of whales. According to data from Lookonchain, in just four days, a large wallet address withdrew more than 1.29 million LINK (equivalent to 31 million USD) from Binance. Such large-scale coin withdrawal moves are often understood as signals that large investors are leaning towards a long-term holding strategy rather than short-term selling.
Active derivatives and on-chain activities
The derivatives market also recorded significant progress. Data from CoinGlass shows that the trading volume of LINK futures reached 1.5 billion USD, a record high since the beginning of 2025, equivalent to an increase of nearly 60%. The rise in open contract volume reflects the growing confidence of traders in the price prospects of LINK.
From an on-chain perspective, data from Santiment shows that the Chainlink network is experiencing its busiest period of the year. On August 17, as many as 9,813 LINK addresses were activated, and just one day later, the network recorded more than 9,600 new wallets. This number indicates that the cash flow and level of interest in Chainlink are rapidly expanding.
Large organizations 'bet' on Chainlink
Alongside signals from the market, Chainlink's position in the traditional financial sector is increasingly being strengthened. According to Zach Rynes, the community relations specialist for the project, there are currently more than 30 global financial organizations piloting or testing technology solutions provided by Chainlink.
This list includes many prominent names such as Swift, Visa, Mastercard, Citi, JPMorgan, BNY Mellon, Fidelity, along with financial infrastructure corporations like ICE, Euroclear, and Clearstream. Even some central banks and credit institutions in Brazil, Europe, and Asia are conducting experiments with the technology of this network.
This positions Chainlink as a key bridge between the decentralized finance (DeFi) market and the traditional financial system (TradFi).
With whales showing confidence through accumulation, along with extensive collaborations with top financial institutions worldwide, Chainlink is gradually asserting its position as one of the most important blockchain connection infrastructures.
Many analysts believe that in the next quarter, LINK can fully maintain its superior growth momentum, becoming one of the leading coins in the altcoin market.
