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You are currently viewing Chainlink Surges to 7-Month High on Wallet Growth: Is $30 Be Just the Beginning?

Chainlink (LINK) has surged nearly 15% in the past week, breaking through a long-standing resistance zone between $25 and $26.

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At the time of writing, LINK trades around $24.2, marking its highest level in seven months. The move came with strong trading volume, confirming a bullish breakout above the 200-day moving average.

Whale accumulation has played a pivotal role in fueling the rally. On-chain data reveals that large holders scooped up 1.1 million LINK, valued at approximately $27 million, mover the past seven days.

The top 100 wallets also increased their holdings by more than 12%, signaling renewed confidence from institutional and high-net-worth investors.

LINK Wallet Growth Hits 2025 Highs

Beyond whale activity, organic network growth has also surged. Analytics firm Santiment reported that nearly 9,600 new LINK wallets were created in mid-August, while daily transfers from active addresses exceeded 9,800, both setting records for 2025.

Wallet creation

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