Just finished discussing Metaplanet's massive Bitcoin hoarding (holding nearly 19,000 coins), the crypto market exploded with giant whale actions—Odaily Planet Daily reports that Lookonchain has monitored: that well-known giant whale that earned 1.72 million dollars from LINK's wave two years ago, has taken action again recently! Spending 16.85 million dollars to buy 663,000 LINK, now the whole market is guessing: is this a signal for LINK to rise, or is the giant whale going to 'cut the leeks' again? Today, let's break this down to help you decide whether to follow, and how to follow.
First, let's see how 'godly' this giant whale is: it accurately made 1.72 million in wave trading two years ago, this time it's not simple to add to its position
First, let me give new fans a lesson: this is not an ordinary giant whale, but an 'old player' of LINK; its operations two years ago were 'textbook level'—
At that time, it built its position around LINK at 12 dollars, and decisively sold when it rose to 28 dollars, earning 1.72 million from 660,000 LINK, accurately timing the wave;
For nearly two years, it hardly moved LINK until it suddenly acted recently: at the current price, it spent 16.85 million dollars to buy 663,000 LINK, with an average cost of about 25.4 dollars, which is slightly lower than the current market price (around 26 dollars); it's clearly a 'buy low' not chasing high.
Some old fans in the group remember this giant whale: 'Two years ago, I bought some LINK following it, earning 30,000 U; this time it's taking action again, I need to keep a close watch!' The power of the giant whale lies in—it's not blindly throwing money, but 're-layouting after two years', which likely hides a judgment on LINK's value, not just short-term arbitrage.
Second, why did the giant whale choose to buy LINK now? 3 hardcore logics, not simply 'spending money on a whim'
Don't think that the giant whale buying LINK is just random; it's focused on LINK's 'oracle leading value' + 'current market window', these 3 points are key:
1. LINK is a 'blockchain necessity': the leading oracle, DeFi/NFT cannot do without it
In simple terms, the 'oracle' that LINK provides is the 'data connector' for blockchain—blockchains themselves cannot access real-world data (like stock prices or weather data), but DeFi loans, NFT floor price pricing, and smart contract triggers all require this data, and LINK does exactly that; 70% of DeFi projects globally (like Aave, Uniswap) are using its oracle services.
Recently, LINK is also expanding its ecosystem: for example, deepening cooperation with public chains like Solana and Avalanche, integrating oracles into more scenarios; the staking volume in the DeFi field has also increased by 15%, now locking over 8 billion dollars—these are not 'air benefits', but real necessities; the giant whale chooses it, fundamentally betting on 'the long-term value of the oracle track'.
2. The current market 'lacks a main line', LINK becomes the giant whale's 'hedging + layout' choice
Recently, the market has been a bit chaotic: Bitcoin is fluctuating around 113,000 dollars, ETFs are still experiencing small outflows, and retail investors are hesitant to buy; however, giant whales are looking for 'targets with ecosystems and that have fallen deeply'—LINK has dropped from last year's high of 40 dollars to the current 26 dollars, a pullback of 35%, the valuation is not high, and as the leader, it has strong resistance (when Bitcoin falls by 5%, LINK usually falls within 3%).
Just like Metaplanet hoarding Bitcoin as 'institutional hedging', the giant whale buying LINK is 'large holders' deployment': afraid of missing out on a bull market, but not wanting to chase high on Bitcoin, they choose LINK, which has a strong ecosystem and stable price, able to attack and defend.
3. Potential benefits can't be hidden? Giant whales may smell the wind in advance
There is a rule in the industry: before giant whales act, they often get information in advance. This time, the giant whale is adding to its LINK position after two years; rumors say—the LINK team might be preparing for the 'Oracle 2.0 upgrade' (to improve data transmission speed and reduce costs), and may also collaborate with a leading institution to launch 'compliant oracle services'; if these benefits materialize, LINK's price is likely to surge.
Previously, fans have dug into this giant whale's operations: each time it adds to its position, within 1-2 months, there are usually small benefits released for the target, this time might be no exception.
3. How should retail investors respond? 3 suggestions, don't follow the wrong giant whale's rhythm
Many people ask 'Should I follow the giant whale to buy LINK?', my answer is 'You can pay attention, but don't follow blindly', here are 3 practical suggestions:
1. Don't chase high prices! Wait for a pullback to the 'giant whale cost area' before trying to make mistakes
The giant whale's average cost is 25.4 dollars, and now LINK is around 26 dollars, don't rush in directly—if it can pull back to 25-25.5 dollars (the giant whale's cost area), you can try a small position (like using 5% of your funds to buy), if it falls below 24 dollars, just stop loss, the risk is controllable.
Previously, a fan followed the giant whale to buy coins, but didn't wait for a pullback and chased high, resulting in a 8% loss when the giant whale made a short-term wave; later, he regretted saying: 'Next time I follow the giant whale, I must wait for a pullback to near its cost price.'
2. Don't just look at the giant whale, keep a close eye on LINK's 'ecosystem signals'
Giant whales may also engage in short-term arbitrage, but what truly supports LINK's rise is its ecosystem:
Watch for oracle collaborations: if there are new public chains or major DeFi projects announcing the use of LINK's oracle, that's a signal to add to positions;
Look at the staking volume: if LINK's staking volume continues to rise (currently 8 billion), it indicates that institutions and users are locking in, selling pressure will be less, and the price will be more stable.
These signals are more reliable than a single action from a giant whale; for example, when LINK's staking volume rose from 6 billion to 8 billion, the price also rose from 20 dollars to 26 dollars; a good ecosystem is truly beneficial.
3. Comparing to Metaplanet's logic: giant whales + institutional dual-action is the real opportunity
Previously, Metaplanet hoarded Bitcoin as 'institutional layout', and this time the giant whale buying LINK is 'large holder's movement'—if later we see institutions also start adding to LINK (like ETF holdings increasing, Grayscale buying more), that would be 'institution + giant whale dual recognition', you can increase your position; if it's only the giant whale buying, with no movement from institutions, treat it as a short-term opportunity, don't hold long-term heavily.
Fourth, let’s talk frankly: the giant whale is not a 'living Buddha', but the signals are worth paying attention to
This LINK giant whale earned 1.72 million two years ago, and this time it spent 16.85 million to add to its position; it certainly isn't throwing money around, it could be a long-term layout or a short-term wave. But for retail investors, its actions are 'important reference signals'—at least it indicates that LINK's current price is 'not considered expensive' in the eyes of professional large holders.
I will continuously monitor two points: first is this giant whale's follow-up actions (if it adds to its position and doesn't reduce it, it indicates a long-term optimistic view), second is LINK's ecosystem dynamics (are there new collaborations or upgrades?), any developments will be promptly shared in the fan group.
Do you think this giant whale is making a long-term layout, or just looking to make a quick profit and run? Let's discuss in the comments, I'll pick 3 fans to give a 'LINK ecosystem tracking list' to help you stay updated on its latest dynamics! If you want to follow the rhythm of the giant whales and avoid high chasing traps, following me is the right choice—making money in the crypto circle relies on 'understanding signals and controlling positions', don't miss this opportunity with LINK like you did two years ago!
