Whales buy 1.4 million Chainlink (LINK) tokens in just 4 days

Whales, the big investors in the crypto market, are known for their strategic purchases, and the fact that they have turned their attention to Chainlink (LINK) over the past four days is a positive signal for the altcoin.

According to crypto analyst Ali Martinez, these major players have purchased more than 1.4 million LINK tokens, indicating growing confidence in the future of this project.

Whales have bought over 1.40 million #Chainlink $LINK in the last 96 hours! pic.twitter.com/ixnXYD2CM0

— Ali (@ali_charts) January 5, 2025

Why whale activity is important

The behavior of whales is an important indicator in the crypto market. These large investors often have deep knowledge and insight, so their purchases can be precursors to significant price movements. By observing their activities, smaller investors can better assess which projects have potential and when to expect important price changes.

Recent whale buying has had a direct impact on Chainlink’s price . After hitting a local low of just under 20 USD on January 1, 2025, the price has now risen to 23.30 USD. This rise seems to coincide with the upcoming inauguration of Donald Trump as President of the United States.

Expectations are high within the crypto community, with many investors hoping that Trump will introduce pro-crypto regulations, which could give the industry a significant boost.

LINK price forecasts

There is optimism about Chainlink’s future price, with many analysts hoping that LINK can surpass its previous all-time high (ATH) of 52.70 USD in this bull market, which would represent an increase of more than 126% from the current price.

Some experts are even extremely bullish on Chainlink. Analyst predicts that a price of 980 USD is possible by 2030. This would not only pulverize the current ATH but also represent an increase of over 4,100% within five years.

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Margharet Tess

Editor, Developer at Cryptheory Labs

I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com

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