Chainlink Whale Activity Hits 7-Day High as Price Rises 15% to $27.21

Major whale activity in Chainlink (LINK) has surged to a 7-day high, triggering renewed speculation about the token’s price trajectory. Analysts and market observers are closely watching on-chain metrics and whale behavior, as these factors often serve as leading indicators of price movements in the cryptocurrency market. Recent data shows a sharp increase in whale accumulation, with volume spikes hitting five times the average, and the MVRV (Market Value to Realized Value) metric showing positive gains [3]. This accumulation pattern suggests that significant institutional or high-net-worth investors are building positions in LINK, potentially signaling confidence in the token’s future performance.

Technical indicators also point to bullish momentum. Chainlink’s price has broken out above a key resistance level at $26.14 and is now approaching $28, a critical threshold that analysts believe could confirm an ascending channel pattern [4]. If this level is successfully breached, LINK could climb to $30, with whales likely eyeing an extension target at $35.52 [1]. The Fibonacci retracement model supports this view, projecting a potential move toward $30.55 if the current upward trend continues [6]. The price of LINK is currently at $27.21, up 15% from the previous week’s price of $22.49 [2], reflecting strong short-term performance.

Whale activity in Chainlink has been especially noteworthy. A technical analyst noted that whale activity has surged to a seven-month high, driven by increased on-chain accumulation and growing demand for real-world data integration [5]. This surge comes at a time when Chainlink is expanding its on-chain data capabilities through partnerships with institutions like the Intercontinental Exchange (ICE), which aims to bring forex and precious metals data to blockchain markets [6]. These developments have positioned LINK as a key player in the expanding Web3 ecosystem.

Chainlink is not the only asset attracting attention. The broader crypto market has been influenced by macroeconomic factors and key events, including Federal Reserve Chair Jerome Powell’s recent remarks at the Jackson Hole symposium. However, the focus on whale activity in LINK underscores the growing importance of on-chain analytics in assessing market sentiment and predicting price movements. Some traders are optimistic about LINK’s potential, with one analysis suggesting that a breakout above $28 could open the door to a price range of $35–$36 [2], depending on continued whale accumulation and favorable on-chain metrics.

Despite the positive signals, caution remains necessary. While the price of LINK has shown resilience, the overall crypto market remains volatile, and no prediction should be taken as a certainty. Investors are advised to monitor both on-chain activity and broader market conditions before making decisions.

[1] https://www.mitrade.com/insights/news/live-news/article-3-1063909-20250823

[2] https://www.ainvest.com/news/chainlink-link-brink-40-50-breakout-chain-technical-signals-align-bullish-case-2508/

[3] https://www.ainvest.com/news/chainlink-link-emerges-resilient-chain-metrics-institutional-adoption-signal-breakout-potential-2508/

[4] https://blockchair.com/fr/news/chainlink-price-prediction-whales-network-growth-and-why-hitting-30-is-possible--8d2cf8a7735b4a36

[5] https://blockchainreporter.net/can-you-spot-the-next-20x-altcoin-technical-analyst-compares-shiba-inu-xrp-and-unilabs-finance/

[6] https://www.coinfi.com/news/chainlink