Chainlink (LINK) has emerged as a standout among altcoins, riding a wave of record on-chain activity and strong whale accumulation to reach multimonth highs.
Key Takeaways:
- LINK tapped its strongest level in seven months, reaching approximately $26.60, fueled by spikes in transfers, new wallets, and whale accumulation.
- Total transfers of 9,800 from unique addresses have been made, and over 9,600 new wallets were created, indicating heightened on-chain activity.
- Whales added over 1.15M LINK (~$28M), with total holdings of 5.43M LINK (~$135M). Exchange reserves dropped by more than 10M LINK, pointing to reduced selling pressure.
Chainlink’s LINK token surged to ~$26.60 in the early hours of August 19, 2025, a mark cleared for the first time in seven months, achieving the highest price since January as on-chain metrics surged alongside it. At the time of writing, LINK is priced at approximately $24.65 with a market cap near $16.5B.
On-Chain Activity Reignites Confidence
On-chain analytics platform Santiment posted on X, highlighting not just the price action but also transfer and wallet creation records. Nearly 9,813 unique LINK addresses conducted transfers on Sunday, and 9,625 new wallets were created on Monday both all-time highs for 2025.
Simultaneously, large holders added 1.15M LINK (~$135M), while exchange reserves fell from ~280M to ~269.56M LINK in a month. This suggests growing investor interest and broader network engagement.
Whale Moves Signal Holding Intent
Also in an X post, LookonChain flagged a massive withdrawal of 249,808 LINK (~$6 million) from Binance by whale address 0x4EBD, bringing four-day withdrawals to 1.29 million LINK (~$31 million), demonstrating a clear sign of accumulation. These gestures suggest holders are actively reducing their exchange exposure, often interpreted as bullish behavior.
Whale 0x4EBD withdrew another 249,808 $LINK ($6M) from Binance ~35 mins ago, bringing his total withdrawals to 1,293,757 $LINK ($31.15M) over the past 4 days. What a crazy accumulation! - Lookonchain noted. “What a crazy accumulation!” they added.
Photo: Lookonchain’s snapshot of whale’s LINK withdrawal.
Price & Market Impact
As of now (12:00 PM UTC), on August 19, LINK trades at around $24.65 with a modest gain of ~0.24% over the past 24 hours, spanning and intraday range of $24.01 to $26.51 according to TradingView and CoinGecko’s latest market statistics. This positions the token near its recent high but below the ~$26.60 peak earlier this morning.
Other data sources show LINK in positive territory this week, gaining 15–18%, with its weekly high near $25, further confirming sustained bullish momentum.
Meanwhile, technical indicators remain choppy. Investing.com’s recent RSI (~44) data indicates neutral-to-sell territory, oversold stochastics, and a “strong sell” technical summary, while some MAs (moving averages) remain at support.
What’s Next
Chainlink has emerged as a leader among altcoins thanks to record on-chain usage, whale accumulation, and shrinking exchange reserves. Price resistance is set at $26–$27; a breakout could target $30. Whale activity, wallet growth, and technical signals will be key to confirming sustainability of the rally.
Summary
Chainlink hit a 7-month high of $26.60 on record network activity and whale buying. Nearly 9.8K unique transfers and 9.6K new wallets were created, while whales withdrew 1.29M LINK (~$31M) from exchanges. Exchange balances fell by >10M LINK, pointing to shrinking sell pressure.
At ~$24.65, LINK remains below its daily peak but retains bullish bias. Clearing resistance at $26–$27 could unlock a push to $30, while failure risks consolidation. Whale moves and on-chain growth remain decisive for the next leg.
