Chainlink Surges to 7-Month High as Whales Back New Partnerships
Chainlink just smashed through resistance levels not seen in over half a year—riding a wave of major whale accumulation and freshly inked corporate deals.
Whales Dive In Deep
Big players aren't just dipping toes—they're going all in. Whale transactions have surged, pushing LINK to heights untouched since early 2025. No fluke—just cold, calculated moves from those with the deepest pockets.
Partnerships That Pack a Punch
Fresh alliances are fueling the fire. New integrations are pulling Chainlink out of the oracle niche and right into the mainstream fintech fray. Real-world adoption? Finally happening—not just promised on another roadmap.
Market Momentum Builds
Traders chase the pump, institutions stack for the long haul—classic crypto theater. Even the skeptics are glancing sideways as LINK defies the usual 'buy the rumor, sell the news' cliché. For once, the news actually mattered.
Sure, Wall Street still thinks 'oracle' is a fortune teller—but while traditional finance debates semantics, Chainlink's quietly building the infrastructure they'll eventually beg to use. Another day, another disruptive tech leaving legacy systems in the dust.
What is driving LINK’s price?
A key driver of LINK’s rally has been heightened activity in the derivatives market.
CoinGlass data reveals that open interest in LINK futures has hit an all-time high of $1.5 billion, a nearly 60% increase since the start of 2025.
Open interest tracks the total number of active futures contracts, and rising levels are generally interpreted as a sign that traders are confident in the asset’s trajectory.
Notably, on-chain activity on the blockchain network paints a similar picture of market enthusiasm.
Data from Santiment shows that nearly 9,813 addresses processed LINK transfers on Aug. 17 alone, while more than 9,600 new wallets were created the following day.
These figures represent the highest engagement levels of the year, pointing to a broadening user base alongside price momentum.
At the same time, the network’s whale activity has also reinforced the bullish outlook.
Blockchain analysis platform Lookonchain reported that a whale wallet withdrew roughly 1.29 million LINK, worth $31 million, from Binance over four days.
Typically, moves of this size indicate long-term holding intentions rather than immediate selling. This further strengthens the market sentiment surrounding LINK and shows its investors are in it for the long haul.
Chainlink’s institutional adoption rises
Outside of these key metrics, chainlink continues to expand its reach into traditional finance through several high-profile collaborations.
On Aug. 18, Chainlink’s community liaison Zach Rynes highlighted more than 30 firms testing or piloting the blockchain network’s solutions on their platforms.
According to him:
“[Chainlink] is verifiably working with the largest institutions in the world on adopting blockchains and tokenized assets via a unified and modular platform that already powers the vast majority of DeFi.”
The list includes financial heavyweights like Swift, Visa, Mastercard, Citi, JPMorgan, BNY Mellon, and Fidelity International, alongside major infrastructure players like ICE, Euroclear, and Clearstream.
Additionally, central banks and large regional lenders in Brazil, Europe, and Asia are also experimenting with Chainlink-powered technology.
These collaborations demonstrate that Chainlink is positioning itself as the backbone of blockchain connectivity for global markets.
