Whale Chainlink Activity Increases, Could LINK Price Reach $30?

Jakarta, Pintu News – Chainlink surged past the $26 mark this week for the first time in seven months, as on-chain activity reached its highest level in 2025, according to data from Santiment.

The on-chain analytics platform noted that nearly 10,000 wallets made transfers on Sunday, and almost the same number of new wallets were created on Monday (Aug 18).

Price Surges and Chainlink Network Growth

Santiment reported that on August 17, 9,813 wallets made at least one transfer – the highest number so far this year.

Read also: XRP Sets Sights on $3.40 Following Massive $605 Million Whale Transfer

The day after, the network recorded the creation of 9,625 new wallets, also a record high in 2025. Interestingly, this surge in activity came alongside a positive price rally.

Specifically, Chainlink traded above $26 on August 18, touching its highest level since January 31, when it reached a peak of $26.26. However, the price of LINK corrected slightly, trading at around $24 after experiencing a 3.2% decline in the past 24 hours, which cut the weekly gain to 12.6%.

Earlier Santiment data also showed that the number of active addresses increased to 6,463 – the highest in eight months – and whale transactions (valued above $100,000) jumped to 4,624, the highest in seven months.

The company also recorded an increase in positive sentiment, with optimistic comments outperforming pessimistic comments by a ratio of 3.3 to 1 – the most bullish sentiment since February 1. In this period of increased whale activity, LINK’s price remained steady above $24.

How High Can a Chainlink Go?

The analytics firm added that monitoring on-chain data over the next few days will be crucial. If wallet activity remains high, this could strengthen the price rally and increase the possibility of LINK breaking the $30 level or even higher.

In light of this upward trend, More Crypto Online ‘s market analysts identified important price levels for Chainlink, with key targets at $31 and $47. These projections are based on Elliott Wave analysis, which shows that the current upside structure is still valid as long as LINK holds above the crucial support zone around $13.

The analyst referred to the $13 level as the “limit line” for an outright bullish scenario, meaning that if the price drops significantly below this point, then any further upside potential will be considered nullified.

Long-term chart analysis shows that the price extension levels could reach $68, $85, $122, $158, up to $219. For comparison, Chainlink’s record-high price so far is $52.88 reached in May 2021.

Other Analysts’ Views on Chainlink Price

Chainlink is noted to have risen more than 52% from its low around $13, breaking through the $18.93 mark in late July before eventually reaching $26. Crypto Bullet crypto analysts noted this rally as part of a larger bullish structure.

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The weekly chart shared by the analyst shows that LINK managed to reclaim the 0.618 Fibonacci level around $20 and is now moving in the third impulsive wave.

Chart analysis also shows that the next important point for Chainlink is at $31. Long-term projections foresee a potential upside towards the $50-$55 range by late 2025 or early 2026, as long as support at $13 remains as a validation limit.

This prediction is in line with analyst Ali Martinez who previously predicted that Chainlink is targeting prices of $29 and $46 after breaking the Fibonacci resistance at $20.12.

The chart shows the first target at the 1.00 level around $29.12, and the second target at the 1.272 extension around $46, which coincides with the upper limit of the long-term ascending channel.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• The Crypto Basic. Can Chainlink Hit $30? Whale Activities Suggest Building Momentum. Accessed on August 20, 2025