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Chainlink Jumps to Seven-Month High as New Reserve Converts Fees Into LINK

Record wallet growth this week signals rising demand from both retail and institutions.

Chainlink price prediction - Whales, network growth, and why hitting $30 is possible
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Overview

  • LINK briefly touched $26.5 on Aug. 19 before easing, extending a rally of roughly 130% since June.
  • The Chainlink Reserve has locked more than 100,000 LINK after launching on Aug. 7, using Payment Abstraction to convert enterprise and usage fees into the token with no withdrawals expected for years.
  • Santiment tracked 9,813 addresses making transfers on Aug. 17 and 9,625 new wallets on Aug. 18, both the highest daily totals of 2025.
  • Whales added about 1.15 million LINK as exchange balances fell to roughly 269.56 million LINK, with address 0x4EBD pulling about 1.3 million LINK from Binance over four days.
  • Analysts flag resistance in the $25–$27 zone and note support near $19–$20, citing overbought signals and rising open interest even as integrations such as ICE data feeds bolster the adoption case.