Chainlink Whales Amass 2M Tokens as Market Grapples with Bullish Signals vs. Bearish Momentum
Chainlink (LINK) has seen significant whale accumulation in late 2025, with large investors purchasing over 2 million tokens in a span of two days, signaling potential bullish momentum despite short-term price volatility. On-chain data reveals that wallets holding between 100,000 and 1 million LINKLINK-- increased their holdings by approximately 5.81 million tokens over the past 30 days, valued at $140.6 million at a price of $24.20 per token[1]. This accumulation, observed across multiple exchanges, suggests growing confidence among institutional and high-net-worth investors that LINK could retest $35 by the end of September[1].
The recent buying spree has occurred amid a broader dip in Chainlink’s price, which has fallen below $24. Analysts attribute this to a mix of profit-taking and strategic accumulation. A notable whale sold 938,489 LINK for $21.46 million, creating short-term selling pressure[2]. However, technical indicators such as a developing cup and handle formation and a 6.72% rise in Open Interest to $1.65 billion suggest speculative demand is building[2]. The price has stabilized near $23.81, with bulls eyeing a breakout above $26.66 resistance to target $30.86[2].
Market sentiment remains divided. While whale activity has historically preceded bullish reversals, short-term momentum is bearish. The RSI stands at 45.67, indicating neutral territory with a slight downward bias, while a bearish MACD crossover highlights waning immediate momentum[3]. However, the accumulation of 2 million LINK in 48 hours has provided a stabilizing effect, with analysts noting that sustained buying could push the price toward $25–$26 in the next 72 hours[3]. Conversely, a drop below $23 support could trigger a decline to $21–$20[3].
Longer-term projections hinge on broader market conditions and whale behavior. If accumulation continues, LINK could trade in a $21–$32 range over the next six weeks, with a potential surge to $32–$40 within three months if volume and sentiment improve[4]. Conversely, a dominance of selling pressure could see the price retreat to $20–$16. The critical factor remains whether whale activity reflects a strategic, long-term bet on Chainlink’s infrastructure role as a decentralized oracleADA-- network, which underpins DeFi and enterprise applications[5].
Chainlink’s recent partnerships, including integration with Polymarket for real-time data resolution, further bolster its utility and institutional appeal[5]. Whale buying is thus seen as a vote of confidence in the project’s fundamentals rather than a speculative play. However, the market remains cautious, with sellers tightening their grip on trade execution and taker-sell dominance persisting[2].
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