Ethereum News Today: Large Whale Investors Pour $150M Into Chainlink Amid 29.75% Price Surge

Large whale investors have amassed $150 million worth of Chainlink’s (LINK) tokens over the past two weeks, as tracked by on-chain data platforms like CoinMarketCap [1]. This substantial accumulation has occurred alongside a 29.75% increase in the price of LINK over the same week, highlighting renewed interest in the altcoin and its underlying technology [1]. The buying spree has positioned Chainlink as one of the top-performing altcoins in a market increasingly characterized by strategic and institutional-level investment activity.

The surge in whale activity is not an isolated event but part of a broader trend in the crypto market where Ethereum and its ecosystem continue to attract significant attention and capital inflows. Institutional players have shown a growing appetite for Ethereum-based assets, including those tied to DeFi and oracle networks like Chainlink. The increased demand for altcoins has also been influenced by recent developments in the ETF space, which have spurred broader market optimism and risk-on behavior [2].

Chainlink’s oracle infrastructure plays a critical role in connecting smart contracts with real-world data, making it an essential component of the DeFi and blockchain ecosystem. The project has been actively developing compliance solutions to enhance its institutional appeal, which may have contributed to the recent interest from large investors [3]. While it remains unclear whether Ethereum-based whales are directly shifting capital into LINK, the timing of the accumulation aligns with a general trend of diversification among major crypto holders.

Despite the positive on-chain signals, whale movements alone do not guarantee sustained price growth for LINK or other altcoins. Broader macroeconomic factors, regulatory updates, and overall market sentiment will continue to influence the trajectory of the asset. However, the $150 million acquisition by whale investors underscores the growing significance of decentralized infrastructure providers like Chainlink in the evolving blockchain landscape.

Source:

[1] Mitrade - https://www.mitrade.com/insights/news/live-news/article-3-1026492-20250810

[2] lexacores.com - https://www.lexacores.com/kategori.php?kategori=ethereum

[3] Mitrade - https://www.mitrade.com/au/insights/news/live-news/article-3-1026493-20250810