Whales Gobble 8M LINK in 30 Days – Chainlink Braces for Big Moves

Crypto's oracle powerhouse Chainlink is getting devoured by whales—8 million LINK tokens swallowed in a month. This isn't nibbling. This is a feeding frenzy.

Why the sudden appetite? Smart money's betting big on LINK's role as DeFi's backbone—while Wall Street still struggles to explain what an oracle even is.

When institutions finally 'get it,' they'll pay triple. As usual.

Whale Accumulation, Regulatory Clarity Signal Bullish Path For Chainlink

Chainlink appears to be gearing up for a potential breakout as strong fundamentals align with renewed bullish sentiment. According to top crypto analyst Ali Martinez, on-chain data shows that whales have accumulated over 8 million LINK tokens in the past month. This buying spree suggests that large holders are positioning themselves for a significant upside move, reinforcing the view that Chainlink may be entering the early stages of a bullish continuation.

Since February, LINK has experienced a DEEP and often volatile consolidation phase. Despite moments of upward momentum, the token struggled to break above key resistance levels—until now. The latest rally, coupled with visible whale accumulation, indicates that the consolidation could be ending, opening the door for a new leg higher. If momentum holds, Chainlink could begin targeting higher supply zones last tested during the late 2024 rallies.

Adding to the bullish outlook, recent developments on the regulatory front could provide long-term tailwinds. The passage of the GENIUS Act and Clarity Act in the US Congress has created a more favorable environment for blockchain projects with real-world utility.

Bulls Reclaim $18: Momentum Builds After Breakout

Chainlink (LINK) has surged past the $18 mark, closing at $18.45 after gaining 3.48% on the day. The recent breakout comes as LINK extends a strong uptrend that began in late June, with price climbing nearly 70% from its local bottom. On the daily chart, LINK has decisively broken through key moving averages: the 50-day ($14.07), 100-day ($14.42), and 200-day ($16.21), signaling a strong shift in momentum.

This breakout is significant, as the $16–$17 range had acted as a key resistance zone for several months. The latest candle shows a clean push above this range with little wick on the top, reflecting bullish conviction. Technically, the MOVE suggests that bulls are in control and the path to higher levels—possibly towards $20–$22—may be open if volume and buying pressure continue.

LINK’s ability to reclaim and hold above the 200-day moving average after a prolonged period of sideways consolidation adds further strength to the bullish narrative. While short-term pullbacks may occur, the current structure points to a market that has absorbed prior selling pressure and is now trending with strength. Continuation above $18.50 could set the stage for a broader recovery in the altcoin market.

Featured image from Dall-E, chart from TradingView