Chainlink (LINK) Sees Whale Accumulation Amid Potential Market Reversal
Caroline Bishop Oct 23, 2025 18:27
Chainlink experiences significant whale accumulation, suggesting a possible market reversal as on-chain data indicates reduced exchange supply and long-term holding.
Whale Activity Signals Market Movement
According to CoinMarketCap, Chainlink (LINK) is undergoing a phase of consolidation as notable whale investors accumulate millions of tokens, hinting at a potential trend reversal. This activity indicates that influential market players may be strategically positioning themselves for future price movements.
Accumulation and Market Supply
Data reveals that whales holding between 100,000 to 1 million LINK have collectively added over 40 million tokens to their portfolios over the past year. This accumulation occurs despite a downturn in trading volume, suggesting a decrease in the available exchange supply and a shift toward long-term holding strategies.
Price Performance and Market Trends
Currently, Chainlink is trading at $17.5, marking a 0.2% decrease in the last 24 hours. Over the past week, the token's value has decreased by 2.6%, while monthly losses stand at 18.5%. Throughout the last seven days, LINK has fluctuated between $15.87 and $19.02, reflecting a period of compression following recent market volatility.
Potential Upside Factors
Market analysts are optimistic about the potential for an upward trend, especially if upcoming events like ETF approvals and the continued integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP) gain momentum. These developments could propel LINK's value toward the $25 mark, according to experts.
For more details, visit the CoinMarketCap website.
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