Chainlink’s price, like a reluctant feline, has paused its ascent since reaching a fleeting pinnacle of $24.74 on August 13. Presently meandering at $22.29, the altcoin’s value has taken a modest tumble of 11%. 😿
Despite LINK’s tepid performance, the grandees of the crypto world remain unperturbed. They perceive this minor setback as a golden opportunity to stockpile, much like squirrels hoarding acorns before winter. What does this portend for our beloved altcoin? Only time, and perhaps a crystal ball, will tell. 🔮
LINK Whales Make a Splash 🌊
On-chain data, as reliable as a Swiss watch, reveals that the frequency of LINK whale transactions surpassing $100,000 has surged to a seven-month zenith of 992 on Thursday. Imagine a school of dolphins leaping in unison, but replace dolphins with digital whales and leaping with transferring vast sums of money. 🐬💰
LATEST: $LINK Rallies Nearly 40% in a Week as Whale Activity Surges
Whale transactions at their highest level in seven months, alongside profits not seen since late 2024.
On the on-chain side, we’re seeing the most active $LINK addresses in 8 months, and most whale…
– CryptosRus (@CryptosR_Us) August 14, 2025
This surge in high-stakes transactions propelled LINK’s price to a respectable high of $24.31, a mere 2% short of the previous day’s closing price, before it gently descended. As of today, 232 whale transactions, each valued over $100,000, have already been logged, suggesting a persistent allure for those with deep pockets, even amidst the broader market’s current state of contemplation. 🧐
For token TA and market updates: Craving more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
Moreover, the number of daily active addresses trading LINK has also shown a healthy increase, indicating a rise in on-chain activity. According to Santiment, this metric, when viewed through the lens of a seven-day moving average, has climbed by a robust 55% since the start of August. 📈
This steady uptick suggests that while the whales are making waves, the broader community of LINK traders is also becoming more engaged, reinforcing the growing interest in the asset despite the recent market turbulence. 🌪️
LINK Price Poised for Breakout if $22.21 Support Holds
The increasing number of active addresses reflects a strengthening of Chainlink’s network usage. Should this trend continue, coupled with the heightened demand from whales, it could solidify the support at $22.21. In such a scenario, LINK might very well soar to the heights of $25.55, much like a phoenix rising from the ashes. 🦅🔥
However, if the support crumbles and yields, LINK’s price could plummet to $19.51, a fate akin to Icarus flying too close to the sun. ☀️💔
Read More
- Gold Rate Forecast
- USD ILS PREDICTION
- GBP RUB PREDICTION
- XMR PREDICTION. XMR cryptocurrency
- INJ PREDICTION. INJ cryptocurrency
- EUR PKR PREDICTION
- BNSOL PREDICTION. BNSOL cryptocurrency
- TON PREDICTION. TON cryptocurrency
- FET PREDICTION. FET cryptocurrency
- USD CHF PREDICTION
2025-08-16 03:52