Chainlink’s LINK token has surged to its strongest level in seven months, climbing above $26 on Aug. 18 before easing back to $24.71 at press time.
The rally, which has delivered a 30% gain over the past month, comes as whales accumulate millions in tokens and major institutions deepen their adoption of Chainlink technology.
The move is notable as LINK was the only cryptocurrency in the top 15 by market capitalization to post gains in the last 24 hours, underscoring its relative strength in a mixed market.
A major factor behind the surge is heightened derivatives activity. Data from CoinGlass shows open interest in LINK futures has reached a record $1.5 billion, up nearly 60% since the start of 2025. Rising open interest is widely interpreted as a sign of trader confidence in an asset’s direction.
On-chain data tells a similar story. Santiment reported nearly 9,813 addresses transferred LINK on Aug. 17, while more than 9,600 new wallets were created the following day — the network’s busiest stretch of the year.
At the same time, whale wallets are making big moves. Lookonchain tracked one address that withdrew roughly 1.29 million LINK, worth $31 million, from Binance across four days. Such withdrawals are often seen as bullish, signaling long-term accumulation rather than short-term selling.
Beyond market activity, Chainlink’s growing footprint in traditional finance has further bolstered sentiment. On Aug. 18, Chainlink community liaison Zach Rynes noted that more than 30 financial institutions are now piloting or testing Chainlink-powered solutions. The list includes giants like Swift, Visa, Mastercard, Citi, JPMorgan, BNY Mellon, and Fidelity, as well as infrastructure players ICE, Euroclear, and Clearstream. Central banks and lenders in Brazil, Europe, and Asia are also experimenting with the network’s technology.
These partnerships position Chainlink as a key bridge between decentralized finance and global capital markets, reinforcing its reputation as the leading blockchain connectivity provider. With whales signaling conviction and institutions integrating its solutions, analysts say LINK could remain one of the strongest performers heading into the next quarter.
Do you want me to also add bullish, bearish, and base-case price scenarios for LINK (like I did for PENGU and Bitcoin) to round out the analysis?
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/chainlink-surges-to-7-month-high-as-whales-and-institutions-pile-in/