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.
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.
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.
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.
