- LINK price is up 30% this week, fueled by over $13M in whale purchases and a surge in daily active addresses.
- Institutional adoption is accelerating, with Chainlink building partnerships with major financial giants and boosting DEX volumes.
- Technical breakout above $18 points toward a $24–$30 range in the short term, with analysts eyeing a bold $100 target long-term.
Chainlink [LINK] has been on a tear lately, climbing over 30% in just the past week and pulling in a staggering $1.35 billion in daily trading volume. Even with a slight 1% dip, LINK is still holding around $21 — and the setup ahead looks primed for a potential breakout. Both on-chain activity and broader market conditions are aligning in its favor.
Whales Lead the Charge with Massive Accumulation
Fresh data from Lookonchain shows aggressive whale accumulation, backed by centralized exchange outflows and direct spot purchases. The biggest move? A whopping 510,000 LINK — worth $11.13 million — withdrawn from Binance to Compound over just two days. Two other whale addresses added nearly 105,000 LINK combined, pushing total recent inflows to roughly $13 million. Daily active addresses also surged from 5,500 to over 9,400 in a week, a clear sign of both retail and whale engagement picking up pace.
Institutions Boost Exposure as Chainlink Eyes Bigger Role in Web3
It’s not just the whales getting in. Major institutions are also ramping up exposure, with Chainlink’s partnerships stretching across names like Fidelity, Swift, DTCC, Citi, JPMorgan, and BNP Paribas. Chainlink’s infrastructure, including Chainlink Reserve, is helping bridge fiat and token economics while driving decentralized exchange volume — which hit $1.298 billion in the last 24 hours alone. With Chainlink positioned as a key player in tokenizing Wall Street assets, its role in the next phase of Web3 adoption is looking stronger than ever.
Technical Breakout and Bold Price Targets
From a technical perspective, LINK recently broke out after a double-bottom retest at $18, clearing a long-standing descending trendline dating back to last December. The next key test lies at $24, and if bulls push through, the $30 level could come into view. Analyst Posty has gone as far as to call LINK “undervalued,” setting an ambitious $100 target — which would imply a jump to a $100 billion market cap. Only Bitcoin, Ethereum, XRP, and Solana have hit that milestone so far.
