Chainlink Whales Are Quietly Loading Up - Is $46 the Next Stop for LINK?

Whale wallets are making moves. While retail traders chase memecoins, deep-pocketed investors are accumulating Chainlink's LINK token with unusual stealth. The quiet accumulation suggests a potential breakout brewing beneath the market's radar.

Reading the Whale Tapes

On-chain data doesn't lie. Large transactions, often masked across multiple wallets, point to sophisticated capital positioning itself. This isn't frantic buying; it's a calculated build-up. The strategy mirrors classic accumulation phases seen before major asset rallies—where smart money enters before the crowd catches on.

The $46 Target: Technicals or Hopium?

The whispered $46 price target isn't plucked from thin air. It aligns with key historical resistance levels and Fibonacci extensions from previous market cycles. Hitting that mark would represent a significant milestone, but it requires sustained buying pressure beyond whale accumulation alone. Remember, whales can also sell.

Why Chainlink? The Bull Case Beyond Price

Forget the number for a second. The real story is Chainlink's entrenched role as decentralized finance's oracle backbone. As real-world assets and institutional projects continue onboarding to blockchain, demand for secure, reliable data feeds only grows. LINK's utility isn't speculative—it's operational. That provides a fundamental floor that pure speculative tokens lack.

The Cynical Take

Of course, in crypto, every 'smart money' move is also a potential setup for the 'dumb money' to follow. Sometimes a whale accumulation is just that; other times, it's a prelude to a well-timed sell-off into retail-fueled hype. Consider it the financial market's version of a magician's misdirection—watch the left hand loading up, while the right hand prepares to distribute.

The bottom line? The whales are active, and their target is clear. Whether LINK reaches $46 depends on if the broader market decides to join their feast—or becomes the main course.

Chainlink (LINK), a leading blockchain oracle network, has been under pressure for weeks, dropping nearly 7%. But, while LINK trades NEAR its lower range, large investors appear to be buying silently. 

At the same time, long-term charts are showing a familiar pattern that has led to big rallies in the past. Popular crypto analyst Bitcoinsensus hints LINK price to hit $46 soon.

Whales Step In as Exchange Supply Drops

Recent on-chain data shows that chainlink whales are actively withdrawing tokens from exchanges. On 22nd Dec 734,000 LINK tokens worth over $9 million were moved off Binance, a sign of accumulation rather than selling pressure.

CHAINLINK: THE WHALE ACCUMULATION

While the market chops, the whales are moving.

734,000 LINK ($9.3M) was just pulled off Binance in a single day.

Exchange supply is at its lowest level since 2020.

History check: Every time exchange supply dries up like this, a major rally… pic.twitter.com/RNIKrRM2Z7

At the same time, LINK supply on exchanges has dropped to its lowest level since 2020.

This usually means large holders are not selling. Instead, they are moving coins into private wallets, often a sign of long-term confidence rather than short-term trading.

Chainlink Spot ETF Inflows Rise

Another strong development for Chainlink is the launch of the first U.S. spot Chainlink ETF. Grayscale converted its existing Chainlink Trust into an ETF, now trading on NYSE Arca under the ticker GLNK

So far, the total net inflow has reached about $58.3 million, while net assets under management stand near $74.25 million. 

However, data from SoSoValue shows that around $2 million flowed into Chainlink ETFs on December 22, 2025. This shows steady investor interest, even during periods of low market activity.

Chainlink Price Eyeing $46

Despite rising whale activity and growing ETF interest, Chainlink’s price continues to MOVE sideways around the $12–$12.5 range

Meanwhile, crypto analyst Bitcoinsensus highlighted that, on the weekly chart, LINK is still trading within a long-term upward channel. At the moment, the price is hovering near the lower boundary of this channel, an area that has repeatedly acted as a strong base during past market cycles.

#Chainlink Macro Weekly Outlook$LINK has been moving inside this uptrending parallel channel targeting both the lower and higher bands.

Price currently is sitting on the lower band, and the next potential target comes in at around $46per coin.

All we need is the… pic.twitter.com/n9BqNji3cH

This time, the long-term chart points toward a possible move near $46.