Chainlink LINK Wallets Surge to Record 769K Amid Mastercard Partnership Boom

Chainlink (LINK) experienced an 11% price surge in just 24 hours as its holder count reached an all-time high of 769,380 wallets. This rally aligns with Mastercard's game-changing partnership, which enables direct cryptocurrency purchases on Uniswap using Chainlink's oracle technology.

Despite the price increase, active wallets have decreased by 17.3% year-over-year—a paradox that market analysts view as bullish. This divergence indicates accumulation by long-term holders rather than short-term speculators, potentially placing LINK in a prime 'opportunity zone' before a significant upward price movement.

Technical analyst Henry highlights a key trend reversal, noting LINK's breakout from a prolonged downtrend. The chart pattern suggests potential for the token to reach $25–30, with institutional adoption through partnerships like Mastercard's serving as a fundamental growth driver.