- LINK peaks at a seven-month high of $26.51, signaling strong bullish momentum ahead of a key summit.
- A record 9,625 new wallets were created in one day, highlighting massive and rapid user growth.
Chainlink (LINK) is currently trading at $24.63 USD, marking a modest 0.5% 24-hour increase and a notable 16.3% gain over the past 7 days, positioning it among the leading oracle and interoperability assets in the crypto market.
LINK’s market capitalization stands at $16.74 billion, placing it #12 globally, with a circulating supply of 678 million tokens out of a maximum supply of 1 billion. The 24-hour trading volume exceeds $2.88 billion, highlighting renewed market engagement following a period of ecosystem acceleration.
Today’s headline news confirms that LINK price peaked at $26.51, its highest valuation in the last seven months, before encountering technical resistance. ETHNews analysts view this price action as a precursor to a bullish continuation, with potential to break the psychological barrier at $30 USD if market momentum holds and macro sentiment remains favorable.
🔗📈 Chainlink has remained a force among the altcoin pack, jumping above $26 for the first time in seven months. On-chain activity has been even more impressive than the price. 9,813 different $LINK addresses made at least one transfer on Sunday, and 9,625 new $LINK wallets were… pic.twitter.com/ePGjiBcSyl
— Santiment (@santimentfeed) August 19, 2025
In parallel, Chainlink wallet creation has surged, with 9,625 new wallets created in a single day, setting a new 2025 record. This rapid user growth is attributed to Chainlink’s expanded enterprise integrations, including collaborations with Swift, Euroclear, and the Central Bank of Brazil, solidifying its position as the de facto oracle infrastructure provider for institutional-grade smart contracts.
At the same time, derivatives market activity has increased across altcoins, including LINK, as traders positioned for potential volatility ahead of this week’s Jackson Hole central bank summit, which could influence global risk appetite. While Bitcoin and Ethereum showed weakness, LINK held firm above $24, suggesting a relative strength shift.
Institutional demand continues to drive optimism for Chainlink
ETHNews analysts highlight that multiple DeFi protocols integrating staking-enhanced Chainlink services have pushed LINK’s staking participation to new highs. Meanwhile, liquidity from new RWA tokenization initiatives—backed by banks experimenting with blockchain settlements—has put LINK at the center of discussions around bridging Web2 financial infrastructure with Web3.
