Chainlink Inches Closer to $30 as Whales Scoop Up Funds Over Weekend

Chainlink (LINK) is revisiting price levels not seen since 2025 as the token inches closer to the $30 mark. This resurgence is fueled by significant whale activity, with on-chain data revealing massive accumulation over the past week. Chainlink whales have gotten quite active this weekend as market prices have teased the $8 level a few times.

Chainlink Whales on a Buying Spree

Recent on-chain analysis shows increasing whale activity. Major Whale Activity Detected: Nearly 1.8 million LINK tokens (worth $25.5M) were moved from BitGet to a private wallet, suggesting accumulation. Over the past week, Chainlink whales were scooping up large supplies while the LINK price consolidated above $14 levels. Saturday saw 33 different $LINK transactions exceeding Whale holdings grew by $7B in 30 days, reflecting a 69.78% increase in accounts with over $10M in LINK.

Technical Analysis and Price Targets

Chainlink breaks out of a wedge pattern with bullish Chainlink’s price surge coincides with a 177% rise in trading volume and a boom in whale holdings. The technical analysis targets $32, but the rising adoption and LINK Price Stays Unaffected Despite Whales Buying. Earlier in the week, Ali Charts, a famous crypto analyst, brought investors’ attention to the increased whale interaction Chainlink whales are active again, as showcased throughout the past week; IntoTheBlock data pegs over 38 million LINK moved over the 24 hours; LINK price still facing

What's Driving the Chainlink Surge?

The renewed interest in Chainlink is likely driven by a combination of factors, including increased adoption, positive technical indicators, and, most notably, the aggressive accumulation by whales. This buying pressure suggests strong confidence in the long-term potential of Chainlink and its role in the growing decentralized ecosystem.