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Entering 2025, there were few cryptocurrencies that had the kind of potential that Chainlink (LINK) had. The project was a key part of the ongoing tokenization efforts, partnering with firms like JPMorgan and BNY Mellon. Moreover, it was one of a handful of tokens snatched up by US President Donald Trump’s World Liberty Financial (WLFI). These factors set the stage for a big year, however, LINK has failed to pick up any momentum.
Fortunately for Chainlink LINK cryptocurrency holders, the altcoin may be on the brink of a rally. This is thanks to a heightened level of whale activity. Chainlink whale activity has reached its highest level in two years, which could have massive implications for LINK’s price. Specifically, the Whale Transaction Count for Chainlink had surged to its highest ark since 2023, according to Santiment data. LINK looks to regain the $19 mark after a long week of decline. In the last seven days, the altcoin is down over 20%.
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Such a trend in whale purchases suggests trading interest around the asset is going up among the large holders. On the other hand, the metric going down implies Chainlink LINK may be losing attention from the cohort as they have lowered their transaction activity. However, the former is usually a good sign that a crypto asset will climb.
Cryptocurrency price prediction platform CoinCodex projects Chainlink’s LINK to return to a price as high as $26 in February. Moreover, it expects an 83% jump to take place in two months, with Chainlink reaching a price of $34. Continued bullish sentiment would see LINK surge over $42 to $48 in May. That mark would be a 2025-high, seeing it jump 88% from its current position.
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