Breaking: Chainlink (LINK) Whales Awake After 8 Months, Rally Ahead?
Chainlink (LINK) News: After months of flirting with the local support area, Chainlink (LINK) finally appears well placed to break it with the entry of whales. This comes amid encouraging rallies for several altcoins as Bitcoin (BTC) price is at an eight month high range currently. Not just this, another minor rally for Bitcoin from the current level could spur more growth for not only altcoins but also the crypto market. In this context, traders with deep pockets are seemingly waiting to make the most out of their accumulations as and when the next rally comes.
Also Read: Solana ($SOL) Soars As Helium Sets Migration Date; Here’s More
CoinGape recently reported that $LINK had local resistance levels at $8.311 and $9.40. While the latest entry of Chainlink whales helped breach the first resistance level, the next support continues to tease traders.
Big Chainlink Whales At Play Before Price Rise
Whenever whale assets come alive after several months, it is always the bigger picture that is triggered for cryptocurrencies. Hence, a breach of support at $9.40 could potentially be within reach, going by the quantum of $LINK coins moved. According to Santiment data, the whales made a big $LINK move, which was the largest in many as eight months. Interestingly, the $13.01 million LINK tokens were transferred just few hours before the price reached the local support level.
“$106 million in $LINK moved to a new whale address, the largest move since June. This transfer was 4 hours before the price topped out at $8.34, the highest since the FTX collapse.”
As of writing, LINK price stands at $8.03, almost unchanged from last 24 hours, according to CoinGape price tracker.
LINK’s Pivot As Artificial Intelligence Token?
The Chainlink developers have recently revealed plans to make use of artificial technology for various use cases. Although it would be too early to categorize Chainlink ($LINK) as an AI token, the very capability of AI technology and quick integration can’t rule out a possibility. Sergey Nazarov, the Chainlink founder, said the team plans to integrate AI for off-chain smart contract flow.
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
- Michael Saylor Hints at Another Strategy Bitcoin Buy With ‘Stretch the Orange Dots’ Post
- Will CLARITY Act Pass in 2026? Galaxy’s Alex Thorn Warns April Deadline Is Critical
- Tom Lee’s Bitmine Adds 5,000 ETH Despite $7.5B Unrealized Loss as BMNR Stock Rebounds
- CLARITY Act Should Ban Stablecoin Yields to Advance in Senate, French Hill Says
- U.S. Set to Deploy Warships to Keep the Strait of Hormuz Open, Bitcoin Climbs
- Solana vs XRP Price Forecast: Can SOL Reclaim Its All-Time High Before XRP Hits $2?
- Top Analyst Predicts Cardano Price Could Surge 100% As Bitcoin Breaks $72k
- What’s Keeping Shiba Inu Below $0.0000065- Analyst Predicts 30% Rise Ahead
- BTC Price to $100K by 2026? Kalshi and Polymarket Odds Climb to 42%
- Why Pi Network Price Surged 30% Today?
- What Happens to XRP Price If US Wins War Against Iran?
