Tag: Chainlink (LINK) Price

Whales controlling 100K–1M LINK wallets are ramping up holdings.

Chainlink (LINK) maintained stability above $21 and occasionally tested the $22 level during early October. Midway through the month, LINK’s price dropped sharply amidst the devastating market downturn last week, and broke below $18, briefly dipping to about $16.

Although there were a few recovery attempts, the asset could not regain its earlier momentum. However, as it currently hovers near $17.5, top investors keep adding the token to their stacks.

LINK Whale Wallets Are Swelling

Chainlink whales and sharks holding between 100,000 and 1 million LINK tokens have continued their accumulation trend, indicating steady confidence in the asset. Over the past 12 months, Santiment found that these wallets have collectively added 40 million LINK, which is a 28% increase and 103 new addresses.

In the last six months, holdings grew by 12.9 million LINK, a 7.6% rise with 30 additional addresses. The trend continued over the past three months, as 8.7 million LINK were accumulated by this cohort, and in the past month alone, 2.8 million LINK were added to whale and shark wallets.

Crypto analyst Ali Martinez also observed that the crypto asset is showing strength and could be gearing up for a rally even as most altcoins continue to struggle. He said that the $16 level is a crucial demand zone, where over 54.5 million LINK tokens have been accumulated, thereby creating a strong support base.

During the recent market sell-off over the past two weeks, whales purchased an additional 13 million LINK. From a technical standpoint, it appears to be forming a symmetrical triangle pattern, which could mean a possible breakout setup. As such, a break and close above $25 could signal the start of a major rally, potentially pushing LINK toward $53 or even $100 in the longer term.

Developer Activity Rankings

Alongside its strong whale activity and technical setup, Chainlink also secured the number two spot for development activity over the past month. The project kept its position from the month before.

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The latest ranking places Chainlink just behind Metamask’s mUSD, which secured the top spot, and ahead of Dfinity’s Internet Computer (ICP), which ranked third. Other projects in the top ten included Radworks (RAD), Hedera (HBAR), Sui Network (SUI), DeepBook on Sui (DEEP), Aptos (APT), Avalanche (AVAX), and Optimism (OP).

TL;DR

• Whales holding 100K–1M LINK added 800K tokens as the price dipped near $21.5.
• Exchange balances fell 5.5M LINK in 24 hours, extending steady withdrawals since July.
• Active addresses recovered from 4K to 5.8K, hinting at renewed participation despite a weak price.

Whales Accumulate as Price Weakens

Chainlink (LINK) whales added to their holdings during the latest price drop. Analyst Ali Martinez reported that addresses holding between 100,000 and 1,000,000 LINK increased their balances by more than 800,000 tokens as the price slipped toward $21.

Wallets in this range now control about 179.45 million LINK. He wrote,

Over 800,000 Chainlink $LINK bought by whales in the recent dip! pic.twitter.com/g1nDZmXMZL

— Ali (@ali_charts) September 23, 2025

Interestingly, toward the end of last week, similar wallets added nearly 2 million LINK in just 48 hours, as CryptoPotato reported. At that time, the asset traded close to $24, with price action staying stable despite heavy buying.

Exchange Balances Fall With Heavy Withdrawals

In the same period, around 5.5 million LINK left exchanges in 24 hours. Data shows a sharp decline in supply on trading platforms, alongside a spike in outflow activity.

5.50 million Chainlink $LINK withdrawn from crypto exchanges in 24 hours! pic.twitter.com/uXGTkyQbHy

— Ali (@ali_charts) September 22, 2025

LINK has retreated from late August highs near $26–27 and now trades closer to $21. Despite this, exchange balances have been trending lower since July, pointing to steady withdrawals. Removing tokens from exchanges is usually linked with long-term storage in private wallets, which reduces immediate selling pressure.

Additionally, on-chain data from CryptoQuant places current active addresses at 5,800, with a price of around $21.8. Both metrics have fallen since late August, when active addresses reached nearly 8,000 and LINK traded above $26.

Notably, the most recent readings show a lift from a mid-September low near 4,000 active addresses. This rebound suggests network use is recovering slightly, even while the token price remains close to its recent lows.

Technical Levels To Watch

Analyst CryptoWzrd noted that daily candles for LINK and LINKBTC closed bearish. They said,

“More healthy price action from LINKBTC is needed, as bullish candles are necessary to avoid a fake breakout.”

They identified $30 as resistance and $20 as key support. In the short term, maintaining levels above $22 may open a move toward $24, while rejection could see the price slide to $19.80. Intraday charts remain volatile, and traders are watching for a clearer structure before confirming the next setup.

At the time of writing, Chainlink trades at around $22, with a 24-hour trading volume of $928.6 million. The token is up 3% in the past day but down 8% over the week.