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Chainlink LINK Whales Ramp Up Accumulation Amid Price Consolidation
Chainlink LINK Whales Ramp Up Accumulation Amid Price Consolidation
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Chainlink LINK News -
Chainlink (LINK), a top decentralized oracle network, has been stuck in a narrow trading range for weeks. Despite the stagnant price action, on-chain data shows consistent accumulation by large holders. Whales have been systematically pulling LINK off exchanges, cutting available supply by roughly 40% year-to-date.
Exchange netflows indicate nearly 100,000 LINK tokens being withdrawn weekly, setting the stage for a potential supply crunch. The $15 resistance level remains a critical zone, with retail traders largely sitting on the sidelines. Market structure points to an upcoming volatility surge—whether driven by retail FOMO or macro catalysts remains to be seen.
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