#Chainlink Whales Accumulate as
$LINK Price Slips Below $13—Is the Bottom Still Ahead?
Chainlink whales have accumulated over 20 million LINK tokens since early November, valued at approximately $263 million at current market prices. This accumulation trend is observed despite the broader crypto market experiencing volatility and falling prices. The top 100 Chainlink wallets now hold a significant amount of LINK, indicating strong confidence among large holders .
*Key Factors Influencing Chainlink's Price:*
- *Whale Accumulation*: Whales have been buying the dip, with one wallet withdrawing 139,950 LINK worth $1.96 million from Binance. Another whale wallet, 0xb59, withdrew 207,328 LINK worth $2.78 million on January 12.
- *ETF Inflows*: Chainlink ETFs have seen significant inflows, with $2.02 million in net inflows reported recently. The total net assets for LINK ETFs have reached $95.87 million, bringing it closer to the $100 million mark.
- *Technical Indicators*: Chainlink's RSI is at 48.66, indicating a neutral position. The 50-Day SMA is estimated to hit $13.09, while the 200-Day SMA is expected to drop to $16.41 by February 19, 2026
*Price Prediction*: According to CoinCodex, Chainlink is forecasted to trade within a price range of $12.32 and $36.36 next year, with a potential return on investment of 189.97% ² ³ ¹.
*Current Price*: LINK is currently trading at $12.57 on Binance, with a market capitalization of $9.04 billion ⁴.
Given the current accumulation trend and ETF inflows, it's possible that Chainlink's price might see a positive movement. However, the broader market trends and volatility will play a significant role in determining the price action.
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