Whales Accumulate Chainlink Tokens Anticipating a Near-Term Price Recovery

In recent weeks, Chainlink (LINK) has seen a notable increase in whale activity, with major holders acquiring close to 2 million tokens—worth about $46.9 million—during a period of price weakness. According to blockchain analytics provider Santiment, this accumulation took place as LINK’s price dropped to $21.50 in December 2024, with wallets containing between 100,000 and 1,000,000

tokens accounting for most of the buying. Analysts believe this uptick in accumulation is a strategic move in anticipation of a potential price recovery, noting that such trends often occur before significant market shifts Chainlink (LINK) Eyes $30 Breakout After Whales Gobble Up … [ 1 ].

From a technical perspective, LINK’s short-term outlook remains mixed. The price has bounced back to $23.45 by late September 2025, but indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) still point to bearish momentum, with the RSI near 40.62 and the MACD signal line sitting below the histogram Chainlink (LINK) Eyes $30 Breakout After Whales Gobble Up … [ 1 ]. However, bullish signals like a falling-wedge pattern in the LINKBTC pair and Fibonacci extension targets around $30 have caught traders’ attention. Analyst CRYPTOWZRD highlighted that a breakout above $30 could spark a rapid price rally, though resistance is currently strong in the $24–$26 range Chainlink (LINK) Eyes $30 Breakout After Whales Gobble Up … [ 1 ].

Market conditions continue to highlight LINK’s volatility. The token’s 24-hour trading volume reached $1.67 billion, and its market cap stood at $15.95 billion as of September 2025 Chainlink (LINK) Eyes $30 Breakout After Whales Gobble Up … [ 1 ]. Despite a 5.20% drop over the past day, Chainlink’s strength has been supported by institutional collaborations and network expansion. For example, partnerships with the Intercontinental Exchange (ICE) and Turkey’s Misyon Bank have broadened Chainlink’s role in real-world asset tokenization, while the introduction of its Reserve system in Q2 2025 has increased token scarcity Chainlink Accelerates Whale Accumulation and Network Growth, … [ 3 ].

Whale activity remains a key area of interest for analysts. Over a four-day span, a single address accumulated more than 1.29 million LINK, and 300,000 LINK were withdrawn from Binance in two months, easing selling pressure Chainlink Accelerates Whale Accumulation and Network Growth, … [ 3 ]. This trend coincides with broader network growth, including the creation of over 9,600 new wallets in just two days, indicating rising adoption Chainlink Accelerates Whale Accumulation and Network Growth, … [ 3 ]. Analysts such as Ali Martinez point out that these developments often signal institutional confidence, especially during periods of market turbulence Chainlink (LINK) Eyes $30 Breakout After Whales Gobble Up … [ 1 ].

Despite positive drivers, there are still risks. Short-term technical signals remain bearish, with the MA Ribbon showing indecision between $23.51 and $24.05 Chainlink (LINK) Eyes $30 Breakout After Whales Gobble Up … [ 1 ]. Additionally, large whale holdings could result in sudden sell-offs, leading to brief corrections. Broader uncertainties, such as geopolitical issues and regulatory changes, add further complexity Chainlink Accelerates Whale Accumulation and Network Growth, … [ 3 ]. Nevertheless, Chainlink’s essential function as a decentralized

provider for DeFi and its growing partnerships with traditional financial institutions help offset some of these risks Chainlink Accelerates Whale Accumulation and Network Growth, … [ 3 ].

The next major hurdle for LINK is surpassing the $30 mark, which could confirm the falling-wedge breakout and set off a sustained rally. If achieved, the token may aim for Fibonacci extension targets near $46.85 or even $79, according to some analysts. For now, investors are watching whale activity and on-chain metrics closely, with the possibility of a strong upward move depending on whether support above $22 holds.