There is bullish momentum around the Chainlink LINK cryptocurrency, thanks to recent whale moves pushing the price higher. In the past week, LINK is up 5.4%, hovering in the $17.60 range. This is welcome news after a bearish October that saw the altcoin dip as much as 20%. The overall crypto market has been highly volatile so far this month, amid the ongoing trade war tensions between the US and China, as well as an inconsistent stock market.
The dip in the past month has been positive for one group, however: large whale crypto investors. According to Lookonchain data, two whales have withdrawn significant amounts of LINK from major exchanges OKX and Kraken recently. Whale “0xf386” has accumulated a staggering 1.1 million LINK, worth approximately $19 million, over the past five months. Meanwhile, whale wallet “0xe8aa” withdrew 66,113 LINK, valued at $1.14 million, from Kraken this week. This brings the whale’s total accumulation to 307,684 LINK, worth $5.34 million, over the past month.
Santiment’s whale data further pushed the bullish momentum behind LINK. Their report reveals that whales holding between 100,000 and 1 million LINK have been consistently accumulating Chainlink amid the month-long slump, setting the stage for an explosive rebound in November.
Indeed, the sudden mass accumulation of Chainlink LINK from whales can often serve as a rebound catalyst. This can be seen in LINK’s 7-day chart, with price emerging from its red slump. Further, Chainlink recently added 63,481 LINK ($1.1M) to its treasury, reducing sell pressure. As a result, the coin was narrowly able to withstand the $17 resistance and bounce back to $17.58 on Friday.
As Chainlink whale accumulation intensifies, LINK price prediction models suggest potential movement toward $25 if current buying pressure continues. According to CoinCodex analysts, LINK is forecasted to rise by another 9.39% and reach $ 19.48 by November 22. Despite high price volatility, the analysts insist that $20 is back in the cards, and could be achieved by December 2025. This would put LINK in a pole position to head into 2026 in the green, and surge further.
2026 is a different monster though, with predictions ranging from $50 to $100 for LINK. Should the first Chainlink LINK ETF be approved by the start of next year, perhaps $100 will seem less out of reach.
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