Crypto Whales Are Quietly Accumulating Chainlink — Is LINK Poised for a Major Rally?

Jakarta, Pintu News – Chainlink market has recently witnessed increased accumulation by whales, indicating the potential for significant price increases in the near future.

Data from various blockchain analytics sources indicates a massive transaction involving millions of LINK tokens being withdrawn from the leading crypto exchange, Binance. This phenomenon sparked speculation about a bright future for Chainlink amid volatile market conditions.

30 Wallets Hold Over $116 Million in LINK

A wave of aggressive buying is sweeping Chainlink, with on-chain data showing that whales are quietly accumulating millions of tokens despite market turmoil.

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According to blockchain analytics firm Lookonchain, 30 newly created wallets have pulled out 6.25 million LINKs from Binance since the market crash on October 11. The amount is equivalent to about $116.7 million.

Based on data as of October 20, one of the largest wallets attracted 1.34 million LINKs worth more than $25 million, while several other wallets accumulated between $3 million and $6 million per wallet.

In total, the 30 wallets now hold over $116 million worth of LINK, making it one of the largest accumulation whales for the asset through 2025.

This data shows that the whales – which are likely institutions – started accumulating large amounts of LINK shortly after the market dropped, indicating a strategic move rather than a casual trading activity.

Such token withdrawals from exchanges are often considered a positive (bullish) signal, as they usually indicate an intention to hold in the long term.

This trend has fueled speculation that whales are preparing for a potential Chainlink price rally, especially as the protocol’s oracle services are increasingly being adopted by major blockchain ecosystems.

LINK Price Analysis

Interestingly, this massive accumulation by whales has had an impact on LINK’s price movement. As of October 20, LINK’s price is trading at $19.01 – up more than 10% in the last 24 hours, although it is still down about 1% in the weekly timeframe.

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LINK has taken a hit due to the recent market decline. The price is currently below the 50-day simple moving average (SMA) at $21.56, but is still above the 200-day SMA at $17.69.

This formation indicates a short-term weakness in the long-term uptrend. The distance between the current price and the 50-day SMA indicates selling pressure, or a possible consolidation phase before the continuation of the uptrend(bullish).

Meanwhile, the 14-day Relative Strength Index (RSI) is at 36.76 – putting LINK in the neutral zone, but tending to approach oversold conditions.

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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:

• Ambcrypto. Chainlink Whales Make Moves Worth $15 Million, Where is LINK Heading?. Accessed on October 22, 2025
• Finbold. This Altcoin is Recording Insane Whale Accumulation. Accessed on October 22, 2025