Chainlink wallets file in like it's open enrollment 🏫

Chainlink added 6,182 new wallets across June 25 and June 26, the two strongest single-day network growth prints of 2026, according to on-chain analytics firm Santiment. The network recorded 3,142 new addresses on June 25 and 3,040 new addresses on June 26, with Santiment characterizing the expansion as the highest daily wallet creation this year. The platform said the surge reflected new user adoption rather than recycled trading activity, noting that new addresses have historically coincided with fresh capital entering the ecosystem.

Interest in Chainlink's infrastructure has been supported by its growing institutional use cases, including tokenized real-world assets and data services, even as the LINK token continued to trade near local lows. The divergence between rising on-chain participation and subdued price action indicated that market participants had not yet repriced the token for the increase in network usage, Santiment said.

Binance's Top Trader Long/Short Ratio showed 68.75% of professional accounts positioned long on LINK against 31.25% positioned short, producing a 2.20 long-to-short ratio. The figures indicated that experienced traders maintained bullish exposure during the recent price weakness rather than reducing it, with many accounts appearing willing to hold positions from current levels.

LINK defended a major demand zone near $7.23, with buyers repeatedly absorbing selling pressure at that level and producing a developing double-bottom structure on the chart. Holding that floor keeps the first upside objective near $8.33, where previous resistance had capped earlier advances. The Relative Strength Index stood at 33.82, recovering from oversold territory but still below the neutral 50 level, and a move through that barrier would place $9.00 back in focus. A break below the $7.23 demand zone would invalidate the bullish structure and expose LINK to further downside.