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- Chainlink recorded its highest 2025 transaction count on Sunday with 9,813 unique wallets active and 9,625 new wallets added the next day.
- A major wallet withdrew 249,880 LINK ($6M) from Binance after earlier pulling $31.15M worth of tokens.
Chainlink (LINK) is gaining momentum in the market as the token finally crossed $26 after seven months. The rally has been accompanied by a surge in network usage, with several key on-chain activity metrics hitting new yearly highs. It has sparked hopes of a rally to $30.
Chainlink Sees Surge In On-chain Activity
This week’s data is quite inspiring in that there was a huge increase in the number of addresses linked to LINK. Sunday also registered the highest number of transactions in 2025 on the LINK chain, with a total of 9,813 unique wallets transacting at least once with LINK.
The next day, it saw the creation of 9,625 new wallets with LINK in them, according to Santiment data. Both figures are the highest ever recorded this year, thus signifying an upsurge in the base of retail and institutional players having a stake in the ecosystem.
Further, large buyers have not been left out. A whale wallet, 0x4EBD…, initiated a new withdrawal of 249880 LINK, worth about $6 million, out of Binance, as reported by LookOnChain. It is not the first such transaction conducted by this actor, as they earlier withdrew a total of 1,293,757 LINK worth $31.15 million in just four days.
The repeated withdrawals showcase a heavy accumulation trend among whales as the token gains market traction, per the CNF report.
Key Levels To Watch Amid Growing Institutional Momentum
The wider rally also hinges on Chainlink gaining a stronger standing in institutional use cases. The oracle provider has recently formed a partnership with an intercontinental exchange (ICE) that has given it the importance of providing trustworthy real-world data to fintech platforms, as mentioned in our previous story.
The need to provide precise price feeds and compliance frameworks means one emerging use case is crypto payroll solutions. The integration enables companies to integrate salary payments in the form of stablecoins. It, in turn, enhances liquidity management while making regulatory compliance easier for companies embracing the use of digital assets.
According to the market analysts, one of the main reasons for the recent bullish run is these institutional arrangements. Since the beginning of the month until the middle of August, LINK has shown a growth of almost 18 percent, rising against the US dollar to approximately $26.
August 14 marked the busiest day in six months when the token hit a high in the trading session as traders increased volume and reserves demand in major exchanges, as highlighted in our last news piece.
Meanwhile, the technical observers consider one key resistance level at the price of $26.50. However, not all market watchers think that breaking out above that hurdle would be a bullish precursor to additional increases. The targets currently lie between $30 and $35 in the short term.
Now, the market is left to consider whether LINK will sustain the bull run it had enjoyed in the last few days. As of this writing, LINK price stood at $24.30, which could cause a hindrance towards a surge $30 as it distanced from the crucial $26 mark.
