Is Chainlink ready to take off? LINK whales are buying 1.4 million tokens:
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Chainlink (LINK) has recently shown strong performance, with a weekly increase of 14.9% and a 90-day increase of 117%. The current price is $24.1, with a market cap of $15.3 billion.
Behind this rebound, LINK has responded to the growing demand in the market ahead of the inauguration of the recently elected President Donald Trump. Additionally, on-chain data shows that whales are actively accumulating LINK. Analyst Ali Martinez pointed out that a recent whale wallet purchased 1.4 million LINK, indicating a rebound in market confidence.
According to data from Santiment, addresses holding between 1 million to 10 million LINK have increased their holdings by 3.58 million tokens in the past three days, while retail investors have sold 5.67 million LINK over the past two months.
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Currently, LINK is consolidating in the $23 to $24 range, gradually recovering in price since early 2025 and breaking above the 200-day EMA, showing potential for an upward trend.
Crypto analyst Michaël van de Poppe stated four days ago that LINK began to rise when the price was $20. Previously, an analyst predicted that Chainlink would surpass Ethereum (ETH) by the end of the bull market. Although ETH's market cap has reached $442 billion, Chainlink’s market cap is only $15.21 billion, yet its blockchain capabilities are considered to surpass those of Solana (SOL), Ethereum, and Avalanche (AVAX).
Analysts pointed out that while Ethereum has a first-mover advantage in the DeFi ecosystem, Chainlink holds tremendous potential through seamless connectivity and security layers. By November 2024, DeFi protocols have secured over $31 billion in assets and $34 billion in transaction volume, indicating that LINK's price is undervalued, with potential to surge to $600, possibly reaching Ethereum's all-time high market cap of $632.
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