Chainlink LINK Hits 7-Month Peak as Whale Accumulation and Network Expansion Fuel Rally Toward $30

Chainlink LINK News - Chainlink (LINK) has shattered a critical resistance zone between $25 and $26, posting a 15% weekly surge to trade at $24.2—marking its highest level in seven months. The rally is backed by robust trading volume and a decisive breakout above the 200-day moving average, signaling strong bullish momentum. Whale activity has emerged as a key catalyst, with on-chain data revealing large holders accumulated 1.1 million LINK ($27 million) over the past week. The top 100 wallets expanded their holdings by over 12%, reflecting growing institutional confidence. Network adoption is accelerating sharply: nearly 9,600 new wallets were created in mid-August, while daily active address transfers exceeded 9,800—both setting 2025 highs. This organic growth coincides with the launch of chainlink Reserve, a deflationary smart contract treasury that absorbs tokens from enterprise integrations, further tightening supply dynamics.