News View Non-AMP

LINK Whales Buy 1.4 Million Tokens, Chainlink’s 20% Rally Incoming?

Published by
Chandan Gupta

LINK, the native token of Chainlink, appears to be gaining attention from crypto enthusiasts as its price shows signs of recovery following a significant decline in December 2024. On January 5, 2025, a prominent crypto expert posted on X (formerly Twitter) that whales have purchased over 1.40 million LINK tokens in the past four days.

These notable acquisitions by Whales show confidence and interest as the market approaches the presidential inauguration, anticipated to be one of the most significant game-changing events for the crypto industry in 2025.

Furthermore, this accumulation suggests that whales are positioning themselves for 2025, ensuring they don’t miss out on any substantial upside momentum. However, it has been observed that this notable acquisition has led to a 22% price rally during the same period and is continuing to drive upward momentum.

According to CoinPedia’s technical analysis, LINK appears to be consolidating within a tight range between $23 and $24 and is poised for a breakout. Since the beginning of 2025, LINK has consolidated twice on the four-hour time frame before experiencing upward momentum.

Experts and analysts speculate a similar upside rally to what was observed in the past four days. Based on the recent price action, there is a strong possibility that LINK could soar by 20% to reach the $29 mark in the coming days.

On a positive note, the altcoin has just breached the 200 Exponential Moving Average (EMA) on a four-hour time frame and closed a candle above it, indicating a potential shift into an uptrend.

Current Price Momentum

Currently, LINK is trading near $23.40 and has witnessed an upward momentum of 1.20% in the past 24 hours. However, during the same period, its trading volume dropped by 33.40%, indicating reduced participation from traders and investors compared to the previous day.

Chandan Gupta

Chandan Gupta is a crypto analyst and news writer at CoinPedia. He specializes in market analysis using on-chain metrics and industry insights to forecast market trends. With over four years of trading experience, Chandan simplifies complex concepts in technical and on-chain analysis, making them easy to understand. At CoinPedia, he leverages his expertise to identify and present emerging opportunities in the cryptocurrency space

Recent Posts

Crypto Market News: XRP Price Prediction Today

As June 2025 approaches, XRP continues to show mixed signals in the market. The cryptocurrency…

May 30, 2025

Avalanche (AVAX) Price Analysis and Short-term Forecast

As the total crypto market dropped over 3 percent in the past 24 hours, following…

May 30, 2025

U.S. SEC Dismisses Lawsuit Against Binance: Will BNB Price Regain Bullish Momentum

The United States Securities and Exchange Commission (SEC) voluntarily dismissed the lawsuit against Binance, Binance…

May 30, 2025

SOL Strategies Ditches Bitcoin Holdings for Solana: Company Now Owns 420,355 SOL

SOL Strategies Inc. (CSE: HODL) announced an additional purchase of Solana (SOL) coins to strengthen…

May 30, 2025

Central African Republic to Tokenize Over 1.7k Ha of Land Using Its Meme: CAR Price Surges Over 17%

Faustin-Archange Touadéra, the President of the Central African Republic, signed a decree to tokenize more…

May 30, 2025

Cardano Price Prediction: Indicators Suggest Steady Rise Throughout 2025, While These 3 Small-Caps Could Rise 20x by June’s End

Technical indicators and fundamental factors both point to a sustained rise in Cardano's price until…

May 29, 2025