- Chainlink whales have accumulated over $36 million worth of LINK in the past week, fueling speculation of an upcoming rally as the token jumped nearly 13% during the same period.
- Despite the buying spree, LINK dipped 4% intraday, likely due to broader market volatility, with Bitcoin and other altcoins also showing weakness.
- Analysts like Michaël van de Poppe remain bullish, citing LINK’s growing ecosystem, U.S. partnerships, and DeFi utility—predicting the coin could reach $16 by April’s end.
Something’s up with Chainlink—and no, it’s not just another crypto rumor.
In the last few days, whales have quietly scooped up over $36 million worth of LINK tokens, sparking a fresh wave of optimism among traders and crypto watchers alike. The buying spree? It’s been aggressive, and it’s got people asking: is a LINK rally just around the corner?
Whales Making Moves: $36M Worth of LINK Bagged
According to Lookonchain, a blockchain data tracker that’s been watching the action unfold, at least 15 new whale wallets have been stacking LINK like it’s going out of style. These wallets pulled in about 2.52 million coins—yep, all from Binance—in just the past week.
And during that same window? LINK’s price jumped nearly 13%, which isn’t exactly a coincidence. Large-scale buys tend to light a fire under a token, both from a technical and psychological standpoint.
More buying pressure = more people FOMO-ing in = price momentum. Classic.
Still… Prices Dipped? Wait, What?
Here’s where things get a little weird.
Even with all that bullish accumulation, LINK actually dropped around 4% intraday, landing near $14.20 after hitting a short-term high of $15.23. That’s got some traders scratching their heads—and raising eyebrows.
But zoom out a bit: the entire crypto market’s been choppy today. Bitcoin’s down 2%, hanging around $91K, and other top altcoins aren’t exactly thriving either. It could just be broader market noise.
Analysts Stay Bullish—Especially on Chainlink’s Future
Despite the dip, Michaël van de Poppe, a well-known crypto analyst, isn’t losing sleep. In fact, he’s doubling down on his LINK thesis. According to him, utility and DeFi coins like Chainlink are about to lead the next market cycle.
“This run will likely be higher than the previous one,” he posted on X, confidently.
He also pointed out that Chainlink’s team has been grinding hard—building out new partnerships, especially in the U.S., and expanding the ecosystem behind the scenes. In his words, it’s just a matter of time until the price starts reflecting all of that progress.
What’s Next for LINK?
Another prediction from CoinGape backed the bulls. Based on their 3-month bias indicator, the sentiment remains strongly bullish, suggesting that LINK could even tap $16 before the end of April.
Of course, predictions are just that—predictions. But between whale wallets going heavy, analysts backing the project, and clear signs of institutional engagement? There’s definitely something brewing in Chainlink land.
So yeah, people are watching. Closely.
