Chainlink whales accumulate 85M LINK while retail stalls — Will LINK price follow?
2025-07-04 07:49:43
Main Idea
Chainlink's whale addresses have accumulated over 85 million LINK tokens, the highest since late 2022, while recent partnerships and technical indicators suggest potential price movements.
Key Points
1. Chainlink wallets holding 100,000 to 1 million LINK (whale addresses) have accumulated over 85 million tokens, the highest since late 2022.
2. LINK is currently trading at $13.48, down 2.4% in the past 24 hours, with a tight range between $12.76 and $13.96.
3. Chainlink announced a major partnership with Mastercard on June 24 and was chosen as the xStocks Alliance’s official oracle provider on June 30.
4. Technical indicators show LINK trading below the Bollinger Bands midline, with $14.11 as short-term resistance and $13.08 as midline support.
5. The price may move toward $15 if it breaks above $14.10 with strong volume, or fall towards $12.50 if it drops below $13.00.
Description
Chainlink may be quietly setting the stage for its next move, as on-chain data shows that large holders continue to increase their positions despite a lack of retail participation. According to a July 4 analysis published on CryptoQuant by contributor Axel Adler, Chainlink ( LINK ) wallets holding between 100,000 and 1 million LINK, often categorized as whale addresses, have now accumulated more than 85 million tokens. Since late 2022, this is the highest amount of whale-held supply. In contrast...
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