Chainlink LINK Whale Activity Signals Potential Rally as Large Investors Accumulate 800K Tokens

Chainlink LINK News - Chainlink's native token LINK has attracted significant whale activity, with large investors scooping up approximately 800,000 coins as prices dipped toward $21. The accumulation suggests institutional confidence in LINK's undervalued status, potentially foreshadowing an upward price swing. Currently trading at $21.58, LINK has shed 8% over the past week. On-chain metrics show a decline in active addresses to 5,800, down from nearly 8,000 in late August when prices hovered above $26. This contraction mirrors the broader market's cooling-off period. Regulatory tailwinds may fuel LINK's next leg up. The SEC's streamlined crypto ETP approval process has accelerated ETF filings for several digital assets, including Chainlink. While no LINK ETF has been greenlit yet, the agency's increasingly crypto-friendly stance in 2025 makes approval appear imminent. The $25 level looms as critical resistance. Market participants anticipate that a combination of whale accumulation and potential ETF approval could propel LINK past this psychological barrier, marking a new phase in its price discovery.