Chainlink (LINK), increased by 5.25% from yesterday as its price surged to around $24.95 with a spike exceeding 140% in the last year. Also, its trading volume rose by almost 95% to $3.07 billion.
Whale wallets and the smart money traders were behind the rally. Meanwhile, the Chainlink ecosystem has grown to 12 new integrations. The deployments enhance its usage in the areas of decentralized finance, inter-chain communication, and tokenized markets.
Chainlink Price and Whale Buys
During the past week, whale wallets have added more than 1.1 million LINK or roughly $27.2 million. Smart money accounts showed an increase in holdings by 12.6%. Even the top 100 addresses started accumulating again. Together, these moves allowed LINK to outperform the broader altcoin market, many of which have struggled to hold gains.
These purchases were evidence of long-term confidence in LINK. Chainlink is an essential oracle provider in the decentralized finance sector. Hence, its services will always be in demand. New fund inflows indicate that large investors believe the token remains undervalued, despite its bullish performance so far in 2025.
LINK Key Price Levels
Chainlink currently sits between significant price levels and trades near $25. The prices corresponding to the next crucial resistances are at $25.70 $28.20, and $30.10, respectively, based on the Fibonacci projections on the chart.
In contrast, support price regions can be found around $24.70, $23.40, and $21.40. The bull cycle can continue if the reserves become stable. A breakout above $25.70 would point to fresh strength.
Twelve New Integrations Across Blockchains
While price action captures headlines, Chainlink’s ecosystem growth holds longer-term significance. The network announced 12 new integrations spanning 10 blockchains.
They are Arbitrum, Avalanche, base, BOB, Botanix, HyperCore, HyperEVM, Solana, Sonic, and World chain. The list includes projects like Build on BOB, Chintai Network, and ICE Markets to expand purposes within decentralized finance and tokenized assets.
The integrations further confirm Chainlink as a central oracle-providing entity. Also, they help to boost the adoption of its Cross-Chain Interoperability Protocol (CCIP), which makes safe inter-chain transfers possible. With decentralized finance holding more than $150 billion in total value locked, reliable cross-chain data flows remain critical.
Price Feeds and Institutional Links
Two of the new integrations add fresh Price Feeds, which deliver tamper-resistant market data. Other services include Data Feeds, Data Streams, Onchain NAV, and Proof of Reserve. These services are essential for tokenized assets, insurance, as well as compliance.
The growing influence of Chainlink is confirmed by its partnerships with corresponding financial institutions. For instance, it’s a part of ICE Markets, which boosts its institutional acceptance. The partnership with Taurus and other similar companies supports its long-term expansion plan to merge crypto and traditional finance.
Exchange Reserves Flash Warning
Despite the bullish activity, exchange data shows potential risks. On August 16, LINK balances on exchanges fell to a monthly low of 162.59 million tokens, a positive signal at first. Low reserves usually mean reduced selling pressure.
But reserves have since climbed again, rising by over 300,000 LINK in just days. At current prices, that equals around $7.4 million returned to exchanges. This move suggests some traders are preparing to take profits. In addition, whale wallets showed slight balance declines, and top addresses began mild distribution.
Purchases by smart money wallets show conviction in the short to medium term. A short-term consolidation is a probable outcome if the selling pressure increases.
Chainlink’s ecosystem has over 2,400 projects, and this makes its scalability a dominant factor. The blockchain’s whale activity and ecosystem integrations demonstrate resilience and continued growth.
If strong accumulation starts again, and trading reserves depreciate, LINK might rally towards the $30 zone. However, continued profit-taking can cause consolidation, with its price dropping to around $21.
