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Chainlink’s price has stalled its rally since it hit an intraday peak of $24.74 on August 13. Now trading at $22.29, the altcoin’s price has since dropped 11%.
While $LINK’s price has dawdled, large holders appear unfazed. They view the dip as a buying opportunity and are ramping up their accumulation as a result. What does this mean for the altcoin?
$LINK Whales Make Big Moves
On-chain data has shown that the count of $LINK whale transactions exceeding $100,000 soared to a seven-month high of 992 on Thursday.
— CryptosRus (@CryptosR_Us) August 14, 2025
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… pic.twitter.com/fRio7S0PZ8
This uptick in high-value transfers helped drive $LINK’s price to a high of $24.31, just 2% shy of the previous day’s close, before easing lower.
As of today, 232 whale transactions worth more than $100,000 have already been recorded. This suggests continued interest from deep-pocketed investors despite today’s broader market consolidation.
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In addition, the number of daily active addresses trading $LINK has also trended higher, signaling increased on-chain engagement. Per Santiment, this, observed using a seven-day moving average, has risen by 55% since the beginning of August.
This steady uptick suggests that while whales are active, broader participation from the $LINK traders is also growing, confirming climbing interest in the asset despite recent market volatility.
$LINK Price Poised for Breakout if $22.21 Support Holds
Higher active address counts reflect stronger network usage on Chainlink. If this trend continues alongside increased whale demand for $LINK, it could strengthen the support at $22.21. In this scenario, $LINK could rally toward $25.55.
Conversely, if the support floor weakens and gives way, $LINK’s price could drop to $19.51.
Analyst George from CryptosRUs recently reviewed $LINK as a token to watch in his latest YouTube video:
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