Chainlink (LINK) Surges Above $26 Amid Record On-Chain Activity
Chainlink (LINK) has risen over 130% since June, reaching $26.6 on August 19, its highest in seven months, and currently trades at $24.17 with a market cap of $16.4 billion.
Whale Accumulation Signals Confidence
- On-chain activity shows growth, with nearly 10,000 unique addresses transferring LINK on Sunday.
- Over 9,600 new wallets were created on Monday, setting records for 2025.
- Large holders added 1.15 million LINK, increasing their total to 5.43 million tokens, valued at approximately $135 million.
- Exchange balances fell from 280 million to 269.56 million LINK in one month, indicating less willingness to sell.
- A notable whale withdrew 249,808 LINK from Binance, totaling nearly 1.3 million LINK withdrawn over four days.
LINK Price Analysis: $30 Soon?
The daily price chart shows a slight cooling of the RSI from overbought levels, suggesting potential consolidation. If support at $23.8 fails, a drop to $20 is possible, with strong support around $18.
- Bollinger Bands indicate the price is nearing the upper band around $27.1, suggesting a near-term pullback towards mid-band support near $20.4.
- The MACD remains bullish but shows slowing momentum.
- If buyers regain strength, resistance lies at $26.6, with a breakout potentially pushing LINK towards $30.
Best Wallet Presale Just Below $15M Milestone
The Best Wallet project has raised $14.9 million in its presale. It offers a secure, non-custodial multi-chain wallet, allowing users to manage various digital assets without KYC requirements.
- Ticker: BEST
- Funds Raised: $14.9 million
- Current Price: $0.025495
- Next Price Adjustment: Expected within 12 hours