Bitcoin News Today: Bitcoin Whale Adds $4.5M to Chainlink Holdings Amid 13% Price Surge

A major Bitcoin whale has significantly increased its Chainlink (LINK) holdings by $4.5 million in late August 2025, bringing the total to 335,000 tokens [2]. This move reflects a broader trend of whale activity in the market, as larger investors continue to accumulate significant quantities of the token. According to on-chain analytics firm Santiment, wallets holding between 100,000 and 1 million LINK added 0.67% of the total supply during the month, indicating rising confidence in Chainlink’s decentralized oracle network [2].

The accumulation occurred alongside a notable price surge for LINK, which rose by approximately 13% in 24 hours, reaching a price of around $18.89. Over the prior 30 days, the token had gained 36%, with spot trading volume surging to $1.37 billion and derivatives activity witnessing a substantial increase [2]. Open interest in LINK futures grew by 24.7%, and futures volume expanded by 252% to $2.63 billion, highlighting increased speculative activity and liquidity in the asset class [2].

This whale activity is believed to stem from institutional or early-adopter investors, though the specific identities of these large holders remain undisclosed. The transactions occurred via pseudonymous wallet addresses, and neither Chainlink’s leadership nor any major institutional figures have publicly commented on the accumulation [2]. Nonetheless, the increase in whale holdings is seen as a positive signal for market sentiment, particularly for DeFi protocols that rely on Chainlink’s services, such as price feeds and cross-chain data oracles [2].

The whale accumulation has also contributed to stronger market dynamics, with over $1.2 billion in transactions reported within 24 hours of the event. The sustained demand for LINK may lead to further integrations with DeFi platforms, strengthening the token’s role in the broader crypto ecosystem [2]. Additionally, Chainlink’s recent product launches, including the Chainlink Reserve and the Cross-Chain Interoperability Protocol, have added to the platform’s utility, potentially reinforcing long-term investment confidence [2].

Technically, LINK remains in a bullish position, with all major moving averages from the 10-day to the 200-day period in positive territory. The relative strength index (RSI) at 61 suggests the token is not yet overbought, with the next key resistance level estimated between $20.50 and $21 [2]. However, should the price fall below the mid-Bollinger Band of $18, a retest of the support zone between $17.20 and $17.50 is possible, especially in the event of a unwind in leveraged derivative positions [2].

Overall, the whale’s accumulation is viewed as a sign of growing institutional interest and a potential catalyst for continued growth in Chainlink’s valuation and adoption across decentralized finance and blockchain infrastructure.

Source: [2]title2.............................(https://cryptonews.net/news/analytics/31399128/)