NAIROBI (CoinChapter.com)—Chainlink (LINK) faces potential crash risks as whale activity raises concerns. A large whale withdrew another 100,000 LINK (worth $2.95 million) from Binance, marking a total of 529,999 LINK ($15.5 million) pulled off the exchange over three days, according to Lookonchain.
Whale Withdrawals Stir Volatility Concerns
LINK has been on a tear, rising nearly 25% in the past week and over 260% since its September lows. However, such massive withdrawals by whales could disrupt its momentum. When large holders shift tokens to self-custody, it often signals reduced selling pressure. Yet, it also raises concerns of sudden liquidations or strategic offloading if market sentiment shifts.
LINK surges 23.46% in seven days. Source: Coinmarketcap
Analysts remain divided on LINK’s trajectory. Alan Santana suggests that if LINK clears resistance at $32 and $35, the next targets stand at $47 and $53. A breakout above $53 could propel LINK to $61, marking a 200% rally.
LINK eyes breakout above $30.4. Source: X
Fellow analyst Ali Martinez, meanwhile, paints a much more conservative picture for Chainlink. Martinez says that if LINK reaches and holds above the $30.4 mark, it could potentially target $34. Being a much more reasonable surge, $34 is certainly attainable if the Chainlink altcoin follows the ongoing altcoin surge and Bitcoin’s rise.
Chainlink’s Recent Rally Driven by Partnerships
LINK’s rally to $30.17—its highest since Nov. 2021—coincided with multiple institutional partnerships. Donald Trump’s World Liberty Finance selected Chainlink as its oracle provider, acquiring 78,387 LINK tokens valued at over $2.3 million. Hedera Hashgraph also integrated Chainlink to advance Real World Asset (RWA) tokenization.
LINK Data Feeds live on Hedera mainnet. Source: X
Meanwhile, Chainlink’s collaboration with Swift Society aims to streamline global cash transfers using its Cross-Chain Interoperability Protocol. The project’s total value secured (TVS) surpassed $40 billion, solidifying its dominance in the oracle sector.
While Chainlink’s fundamentals appear strong, whale-driven volatility remains a looming threat. The latest outflows highlight increased whale influence over LINK’s price action. If bullish momentum weakens, large holders could trigger a sharp sell-off.
For now, LINK trades near critical resistance levels, with the $30 mark serving as a decisive pivot.
