- Large investors are buying ChainLink, and traders are making more bets and pushing the tokens higher.
- ChainLink works under big names such as Visa and JPMorgan, indicating that the technology is based on real finance.
ChainLink (Link) shows extraordinary strength in the crypto market. The token jumped over $26 on August 18th, at its highest level in seven months, relaxing to $24.71. Last month, link prices rose by more than 30%. It also stood out as the only top 15 cryptocurrency on the market size to record profits in the past 24 hours. This is a sign of resilience in mixed markets.
Whales and Traders Fuel Chain Link Rally
Market trends show that much of the recent push comes from the intensifying whale activity and market betting. Large holders are pulling millions of links from exchanges.
LookonChain data showed that one wallet retrieved approximately $1.29 million in links from a four-day Binance. These withdrawals often suggest accumulation rather than a sales plan.
Transactions on derivative platforms are also being featured rapidly. Coinglass reported that since January it has increased Rink Futures’ public interest by nearly 60%, at a record $1.5 billion. Open and interested climbing is widely seen as traders keeping more money on the table, reflecting strong belief in the direction of the token.
The latest trends have hit the price of the link $26.13top 6.43% In 24 hours. Tokens jumped to 12% last week.
On-chain activities are just as busy. According to Santiment, 9,813 addresses moved the link on August 17th. The next day, over 9,600 new wallets were created, marking the network’s busiest stretch of the year. This combination of whale movements, trader confidence, and new wallets refers to the broader foundation of activity behind the gathering.
Recent updates, along with CNF It has been reported ChainLink scored 237.93 in RWA developments, and the links surged 24% each month to reach the $24 mark. moreover, Special feature In recent reports, ChainLink has partnered with InterContinental Exchange to place currency and precious metal prices from more than 300 markets on the blockchain network.
ChainLink expands with traditional finance
Meanwhile, ChainLink is making progress outside of crypto trading. More than 30 major financial institutions are currently testing or piloting solutions that powered their technology, according to community liaison Zach Rynes.
The list includes Swift, Visa, MasterCard, Citi, JPMorgan, BNY Mellon, and Fidelity. Alongside central banks and lenders in Brazil, Europe and Asia, infrastructure players such as Ice, Euro-crear and Clearstream are also involved.
Essentially, these projects place chain links in a strong position as links between decentralized finance and traditional markets. The role of networks in providing reliable data feeds and connections is to gain an advantage as more institutions see blockchain for real use.
Social data shows that the gathering is attracting attention outside of trading circles. Analytics platform Lunarcrush said Link’s share of crypto-social activity reached its highest point in a year despite hundreds of new tokens entering the market.
Whale building position, traders show confidence and expand adoption institutions ChainLink will be displayed It is set to remain one of the stronger tokens in the coming quarter.
Additionally, to maintain growth, Oracle Network is diversifying its portfolio. As It is shown In previous discussions, ChainLink announced plans to create a Link Token Reserve funded by On-Chain and Enterprise Revenues to support the long-term development of the network.
