Chainlink Whale Accumulation Increases Amid Retail Inactivity as Market Awaits Potential Price Movement
2025-07-04 08:05:17
Main Idea
Chainlink whales are accumulating LINK tokens amid retail inactivity, while strategic partnerships with Mastercard and xStocks Alliance bolster its market positioning, with technical indicators suggesting potential price volatility.
Key Points
1. Wallets holding 100,000 to 1 million LINK tokens have accumulated over 85 million LINK, the highest whale-held supply since late 2022.
2. Chainlink's partnership with Mastercard enables over 3 billion transactions, and its integration with xStocks Alliance includes over 50 tokenized stocks and ETFs into DeFi platforms.
3. LINK is trading in a narrow range ($12.76-$13.96), with Bollinger Bands tightening, indicating potential volatility; resistance is at $14.11 and support at $13.08.
4. Momentum indicators like RSI near 50 show neutral sentiment, while MACD suggests a slight bullish bias.
5. The market's next move depends on whether LINK surpasses $14.10 resistance or drops below $13.00 support.
Description
Chainlink’s on-chain data reveals a significant accumulation by whale investors, signaling potential strategic positioning despite subdued retail activity. Recent partnerships with Mastercard and the xStocks Alliance underscore Chainlink’s expanding role
Latest News
- XRP and Major Altcoins Dip Amid Renewed U.S. Tariff Concerns and Trade Policy Uncertainty2025-07-04 12:34:25
- Trump Administration’s Digital Asset Policies Gain 73% Support Among Cryptocurrency Investors, HarrisX Poll Reveals2025-07-04 12:34:01
- Bitcoin Leads July Crypto Discussions Amid ETF Optimism and $110K Price Target Speculation2025-07-04 12:33:20
- Exploring Bitcoin-Backed Mortgages as a Potential Option for Real Estate Financing2025-07-04 12:16:46
- Bitcoin Millionaire Addresses Surge by 26,758 in H1 2025, Reaching 182,327 Holdings2025-07-04 12:02:30