Whales Are Scooping Up Chainlink—Is a LINK Bull Run About to Explode?
Jakarta, Pintu News – The recent decision by Chainlink “whales” to stockpile large amounts of LINK coins has sparked great optimism for the crypto’s future price movements.
On Thursday, April 24, data showed that large investors had accumulated more than $36 million worth of tokens in recent days.
The impact? Day traders and crypto enthusiasts are now expecting a price spike in one of the most popular cryptocurrencies in the near future.
Chainlink Whales Buy Coins, Market Optimism Increases
According to an X post from transaction tracker Lookonchain, a number of whale wallets have recently started buying up Chainlink coins in a big way. It was recorded that at least 15 different wallets accumulated 2.52 million LINK coins worth approximately $36.43 million from Binance.
Read also: XRP Price Set to Hit $3? New ETF Sparks Investor Frenzy!
Interestingly, this accumulation occurred over the past week. Over the same period, the price of the LINK coin rose by almost 13%, in line with the increased buying pressure on the asset.
To illustrate, market sentiment usually tends to be very optimistic when there is massive accumulation by crypto whales, as this increases buying pressure on an asset. Moreover, a surge in accumulation also signals increased market confidence in a cryptocurrency.
As a result, retail traders are now starting to speculate whether there will be a bullish breakout, as signaled by the massive accumulation of the Chainlink whales.
LINK Price Prediction: Here’s What Market Analysts Say
Despite the massive accumulation, the price of LINK fell by more than 4% in intraday trading, and is currently hovering around $14.20.
In the last 24 hours (24/4/25), the crypto touched a high of $15.23 before declining. This volatile price action, even amidst heavy buying pressure, has prompted caution among market watchers.
It’s worth noting that this price volatility is in line with broader crypto market trends today. Bitcoin price has also shown volatility, dropping around 2% in the last 24 hours to $91K. Other major altcoins have also largely followed this uncertain pattern.
However, renowned crypto market analyst, Michaël van de Poppe, remains optimistic about LINK’s prospects despite the general market trend being unstable.
In a post on X, he hinted that utility-based coins and DeFi will be the leaders in the next market cycle.
Specifically mentioning Chainlink, Michaël stated that “The movement this time is likely to be higher than before,” raising hopes along with large accumulations by whales.
He also emphasized that the Chainlink team has worked hard to build major partnerships in the United States, and according to him, the token’s ecosystem has grown significantly. “It’s only a matter of time until the value of the token reflects this growth,” he concluded.
Meanwhile, Chainlink’s price prediction from CoinGape page reveals that the 3-month indicator bias shows the bulls’ dominance over this crypto. This is a signal that the LINK price could touch $16 before the end of April.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coingape. Chainlink Whales Bag $36M Coins Hinting At LINK Price Breakout Ahead. Accessed on April 25, 2025
