Whales Amass $14M LINK as On-Chain Signals Hint at Breakout

Chainlink (LINK) is attracting renewed attention as on-chain data and whale activity suggest the token may be entering a favorable accumulation phase. A newly identified address has accumulated an additional $9 million worth of LINK, bringing its total holdings to $14 million. This follows a broader trend of institutional and high-net-worth investors withdrawing large volumes of LINK from exchanges, signaling confidence in the token's long-term potential. Analysts are closely watching these developments, which coincide with technical indicators pointing to a potential breakout.

Over the past 30 days, Chainlink has seen a surge in on-chain activity, with Santiment data showing the 30-day MVRV ratio dropping below -5% on October 17, 2025—a level often dubbed the "ideal accumulation zone" by market observers, as noted in a Yahoo Finance article. This metric indicates that most short-term holders are currently at a loss, a historical precursor to whale accumulation. Supporting this, on-chain analytics firm Lookonchain reported that 30 new wallets withdrew 6.26 million LINK ($116.7 million) from Binance since October 11, a move interpreted as strategic accumulation for long-term holding, according to a crypto.news report.

Technical analysts are also highlighting bullish patterns. A double-bottom formation between $15.00–$15.70 suggests waning selling pressure, with a breakout above the $20 neckline potentially triggering a rally toward $25–$26, the crypto.news report adds. This aligns with historical performance, as noted by the Yahoo Finance article: Chainlink has historically outperformed the altcoin index during market upswings since 2021, often leading the next wave when similar accumulation patterns emerge.

The token's fundamentals further bolster optimism. Chainlink's role in the Real World Assets (RWA) ecosystem is expanding, with partnerships announced with entities like Swift, DTCC, Euroclear, and a pilot with the U.S. Department of Commerce to tokenize government data, according to a CoinDesk report. These developments underscore Chainlink's growing importance in bridging blockchain and traditional finance, securing $62 billion in total value (TVS)—a 62% market share in the oracle sector, the CoinDesk article added.

Price predictions vary, but many analysts are cautious bullish. Benzinga's aggregated forecasts suggest an average price of $18.99 for 2025, rising to $129.53 by 2030. Meanwhile, recent on-chain movements and technical analysis imply shorter-term upside potential. A single whale, for instance, now holds 1.619 million LINK (~$28.99 million), having withdrawn 276,000 LINK from Binance, as reported in a Coinotag report. Such concentrated holdings could stabilize price volatility if these tokens remain offline.

Market sentiment has also shifted following Chainlink's 14% surge in early October, driven by renewed institutional interest and infrastructure advancements, as reported by CoinDesk. However, risks persist, including regulatory uncertainties and competition in the oracle space. Analysts caution that while the current accumulation phase is promising, sustained momentum will depend on broader macroeconomic conditions and institutional adoption.