The past 48 hours have seen a surge of whale activity around #Chainlink ($LINK ), pointing to renewed conviction in the project’s long-term potential. Large holders are moving significant amounts off exchanges and into DeFi protocols — a move that often precedes major price shifts.
Starting with the biggest move, whale address 0x3c9E has been busy withdrawing from #Binance. Over the last two days, this address pulled 510,000 $LINK , valued at roughly $11.13 million, and deposited the tokens into #Compound. Such a transfer indicates a preference for holding and potentially lending rather than selling — a bullish signal for patient accumulation.
Adding to the momentum, whale 0x42A1 executed a fresh buy just hours ago. On-chain records show a purchase of 59,560 $LINK worth $1.34 million in a single transaction. Moves like this tend to catch the attention of traders, especially when they happen in quick succession with other large buys.
The activity doesn’t stop there. Whale 0x848a made their presence felt with another hefty buy, securing 44,846 LINK or $1 million about five hours ago. This level of coordinated, high-value accumulation suggests confidence in $LINK’s near-term trajectory and broader ecosystem role.
Yesterday, LINK broke through its long-standing $21 resistance — a key technical level in my recent article. This breakout is now being reinforced by sustained whale inflows and growing institutional attention toward Chainlink’s role in powering decentralized data infrastructure.
From the price reaction, it’s clear the market is taking notice. Chainlink has been steadily grinding higher, supported by these whale moves and a broader narrative around decentralized oracle adoption. When multiple large players commit capital within a tight window, it often reflects inside conviction — whether that’s in upcoming network developments, integration news, or simply an expectation of a breakout.
At this stage of the structure, it’s less about retail speculation and more about strategic positioning. These whales are moving decisively, and with over $13 million in recent buys, the spotlight is firmly back on $LINK. The big question now is LINK the path back to $50?
For traders watching closely, the key question is whether this accumulation will fuel the next leg up. If whale confidence and institutional interest keep building, Chainlink could be primed for a significant move higher.
