Chainlink Whale Accumulation Increases Amid Retail Apathy, Potential Price Movement Possible
2025-07-06 15:19:46
Main Idea
Chainlink (LINK) is experiencing significant whale accumulation, with 85 million tokens withdrawn from exchanges, reducing reserves by 40%, while retail activity remains low and prices stabilize between $12.76 and $14.00.
Key Points
1. Approximately 85 million LINK tokens have been withdrawn from exchanges, leading to a 40% reduction in available supply.
2. LINK prices are currently stable, fluctuating within a narrow band between $12.76 and $14.00.
3. The $13.50 price point is noted as immediate resistance, with market behavior resembling Bitcoin's 2023 consolidation phase.
4. Chainlink's ecosystem continues to expand through partnerships, such as with Visa, indicating institutional groundwork for broader market integration.
5. The decline in exchange reserves suggests a deliberate withdrawal by whales, potentially signaling future price movements.
Description
Chainlink is witnessing significant whale accumulation amid subdued retail interest, with 85 million LINK tokens withdrawn from exchanges, signaling a tightening supply. This accumulation phase mirrors Bitcoin’s 2023 cycle, where
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