- Whale addresses with 100,000 to 1 million LINK are also increasing, with a rising confidence in the long-term network strength of Chainlink.
- Short-term traders are coming in, indicating new involvement and continued demand even amidst the wider cryptocurrency market question.
- A TD Sequential buy signal supports the accumulation trend, suggesting renewed optimism and possible upward momentum for Chainlink’s market performance
Chainlink (LINK) continues to attract the interest of the market after new statistics show that whales and short-term holders are accumulating LINK again. LINK’s on-chain activity and technical indicators pointing to additional interest in the network show that, despite volatility across the crypto market, LINK remains a viable investment.
Rising Whale Activity Indicates Renewed Confidence
On-chain analytics point to a continuing increase in the number of addresses that hold between 100,000 and 1 million LINK. This growth suggests that a cohort of large holders, known as ‘whales,’ is looking to build their positions. Analyst Joao Wedson also notes that the on-chain (USD) volume has now reached levels not seen since the euphoria of 2021 in the overall market.
This type of accumulation usually demonstrates confidence in the long-term viability of the project. In contrast to most crypto projects that suffer from a lack of engagement over time, Chainlink has continued to see capital inflows. The continued upward movement in the number of whale addresses suggests that institutional and high-net-worth individuals view LINK as an important piece of infrastructure in the crypto ecosystem.
The trend also suggests that they may be incentivizing a position ahead of growth as Chainlink builds on its capabilities in decentralized finance and data integration.
Short-Term Holders Enter the Market
Another emerging trend is the increasing activity from short-term holders. Wedson noted that many of those accumulating LINK fall within this category, suggesting that new market entrants are building exposure. This shift indicates a fresh wave of participation, possibly driven by improving sentiment toward blockchain utility projects.
The increasing interest from short-term players is set against a wider market that remains a bit more reserved. LINK’s price has continued to show persistence, holding its position even when the market experienced turbulence from recent events and continues to reflect consistent demand from both retail and institutional holders.
The entrance of these new participants could contribute to future price momentum as market conditions stabilize and broader adoption continues within decentralized ecosystems.
Technical Indicator Signals Potential Upside
Supporting the accumulation trend, crypto analyst Ali reported that the TD Sequential indicator has flashed a buy signal for Chainlink. Historically, such signals often precede upward movements when accompanied by strong on-chain fundamentals.
The convergence of whale accumulation, short-term holder participation, and technical buy signals presents a balanced market setup. While future activities are uncertain, these developments suggest that confidence in Chainlink’s network utility is strengthening collectively.
Chainlink is a decentralized oracle network that connects smart contracts with real-world data and is a critical component of DeFi infrastructure. The renewed on-chain activity, together with technical confirmation, may indicate the early stages of a possible recovery in the price of LINK.
