Chainlink LINK Whale Accumulation Surges: $100 Target in Sight as Institutional Confidence Grows
Chainlink is experiencing significant whale activity, with large holders accumulating 4.73 million LINK tokens in just 48 hours. This surge in demand highlights growing institutional confidence in the decentralized oracle network, often a precursor to increased volatility and upward price momentum.
The token is currently trading at $14.38, showing stability amid broader market optimism. Analysts point to key technical indicators—including moving averages and Bollinger Band patterns—that suggest a short-term recovery phase may be underway.
Chainlink's critical role in securing smart contract data integrity positions it as a cornerstone of DeFi infrastructure. The long-term price target of $100 reflects both its fundamental utility and the speculative appetite for the asset.
