Altcoins News

Story: Chainlink Whales Double Down as LINK Targets $23 After 60% Surge

By Julie Binoche

1 / 15

Whale Accumulation Surpasses 8 Million LINK. Over the last 30 days, on-chain data indicates that whales have accumulated more than 8 million…

2 / 15

Massive On-Chain Whale Transactions. On-chain analytics firm IntoTheBlock reports a significant jump in large-scale LINK transactions.

3 / 15

Technical Setup Hints at Further Upside. Chainlink’s chart is showing strong technical signals.

4 / 15

Profit-Taking Begins as Exchange Inflows Rise. While overall momentum remains positive, some traders appear to be preparing for profit-taking.

5 / 15

Can LINK Hold Its Ground?. As long as LINK maintains support above the $18–$19 zone and avoids a sharp dip in sentiment, the…

6 / 15

Chainlink Outlook: Near-Term Targets and Long-Term Confidence. In summary, Chainlink’s recent surge is backed by strong fundamentals and visible on-chain activity.

7 / 15

chainlink (LINK) is seeing renewed bullish momentum as the token climbs above $19, driven by a surge in whale activity and a strong technical setup.

8 / 15

This strong performance is not going unnoticed. Institutional players and large holders—often referred to as crypto whales—are continuing to accumulate LINK, despite the price…

9 / 15

Over the last 30 days, on-chain data indicates that whales have accumulated more than 8 million LINK tokens. The price rose from around $12.33 to $19.

10 / 15

The token continues to show strength. As of the latest data, LINK is up another 9% in the last 24 hours, trading close to $19.41. Trading volume has also increased by 6.

11 / 15

On-chain analytics firm IntoTheBlock reports a significant jump in large-scale LINK transactions. Transfers in the $1 million to $10 million range have surged by more than 1,400%.

12 / 15

This spike in large movements is not typical of casual trading behavior. It indicates strategic positioning by serious investors, most likely in anticipation of further gains.

13 / 15

Chainlink’s chart is showing strong technical signals. The recent move broke out of a double-bottom pattern, a formation that often precedes bullish price action.

14 / 15

However, for this scenario to unfold, LINK must remain above $18. A failure to hold this support level could weaken bullish momentum.

15 / 15

While overall momentum remains positive, some traders appear to be preparing for profit-taking. Data from CoinGlass shows that roughly $1.

The Currency Analytics

Want the full story?