Chainlink Whales Grab $13M in LINK, $30 Surge Could Be Next

Chainlink (LINK) has recently captured the attention of the crypto market after surging past $21, supported by rising whale purchases and growing institutional adoption.

The oracle network’s integration with SWIFT, connecting over 11,000 financial institutions, reinforces its utility and positions it as a key infrastructure for blockchain adoption in traditional finance.

Whale activity, technical breakouts, and strong on-chain fundamentals suggest LINK could be headed toward the $30 mark in the near term.

In this article, we’ll explore why LINK is gaining momentum, the role of institutional buyers, and what traders should consider before entering the market.

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Key Takeaways

1. Whale Accumulation: Large holders purchased over $13 million in LINK, signaling strong institutional appetite.

2. Technical Breakout: LINK has broken long-term bearish trends, pointing toward potential $30 targets.

3. SWIFT Partnership: Integration with traditional finance networks enhances Chainlink’s adoption and utility.

Chainlink’s Institutional Adoption and SWIFT Integration

Chainlink has gained significant momentum thanks to its expanding role in bridging blockchain with traditional finance.

Its partnership with SWIFT now connects over 11,000 financial institutions to multiple blockchain networks.

Through its Cross-Chain Interoperability Protocol, or CCIP, Chainlink enables secure and efficient communication between legacy banking systems and decentralized platforms.

Leading institutions such as BNY Mellon and BNP Paribas have tested these capabilities, demonstrating the transfer of tokenized assets across different chains.

The integration of Chainlink oracles with SWIFT’s messaging system ensures data accuracy, reliability, and tamper-proof functionality.

Notable Partnerships and Adoption

1. ICE Markets: Integrates forex and precious metals data on-chain, increasing Chainlink’s utility.

2. DTCC and Mastercard: Exploring blockchain adoption through Chainlink oracle services.

3. Central Banks: Testing the network for secure and verifiable data transmission.

Institutional adoption not only validates Chainlink’s technology but also increases demand for LINK tokens.

With both retail and professional investors participating in its ecosystem, the token’s market activity reflects broad-based confidence in Chainlink’s long-term growth prospects.

Read Also: What is Chainlink Reserve: Strategic Onchain LINK Reserve

Technical Analysis and Price Outlook

From a technical perspective, LINK/ has broken out of a long-term descending trendline that had capped price action since December 2024.

A double-bottom formation near $18 acted as a bullish reversal signal, and LINK has since climbed above $21.

Analysts highlight $24 as a key resistance level, with potential for a move toward $30 to $35 if the trend continues.

Key Indicators Supporting the Rally

1. Relative Strength Index (RSI): Currently at 66, signaling strong momentum without extreme overbought conditions.

2. MACD: Recently showed a bullish crossover, suggesting continued upward momentum.

3. Support Levels: $18.81 provides a solid base for the ongoing rally.

4. Resistance Levels: $22.05 and $24 are crucial daily and short-term targets to watch.

The price action shows LINK entering a high-resistance zone previously utilized by smart money, indicating that a breakout could trigger significant gains.

Daily active addresses rising from 5,500 to over 9,400 further confirm growing participation across both retail and institutional players.

Read Also: Price Surges 10%, Can LINK Reach $50?

Whale Accumulation Signals Confidence

Large holders have recently acquired over $13 million in LINK, including a notable withdrawal of 510,000 LINK from Binance to Compound.

This activity demonstrates substantial confidence from experienced market participants and signals potential further upward movement.

On-Chain Insights

1. Active Addresses: Increased from 5,500 to over 9,400 in a short period.

2. Trading Volume: Decentralized exchanges reported over $1.29 billion in a 24-hour period.

3. Reserve Strategies: Chainlink Reserve pools accumulate tokens from enterprise integration, strengthening long-term bullish outlook.

Whale accumulation combined with institutional adoption supports Chainlink’s bullish narrative. It indicates that larger players see value in LINK for its real-world utility in bridging blockchain with traditional financial systems.

Read Also: Chainlink Hits $93B DeFi Record After ICE Partnership, Is a Big Rally Next?

Conclusion

Chainlink is showing strong bullish momentum, fueled by technical breakouts, whale accumulation, and strategic partnerships with financial institutions.

Its integration with SWIFT and ICE Markets highlights its role as a core infrastructure for blockchain adoption in traditional finance.

With institutional interest growing and technical indicators pointing upward, LINK could reach $30 or higher in the near term, presenting opportunities for both retail and professional investors.

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FAQ

What is Chainlink (LINK)?

Chainlink is a decentralized oracle network that connects smart contracts with external data sources, enabling real-world data to interact with blockchain applications.

Why is LINK price rising now?

Recent whale purchases, institutional adoption, and partnerships with SWIFT and ICE Markets have driven bullish momentum.

What is the $30 price target based on?

Technical breakouts above $24, strong volume, and growing institutional involvement suggest a potential move toward $30.

How does Chainlink integrate with SWIFT?

Using its Cross-Chain Interoperability Protocol, Chainlink connects SWIFT’s legacy messaging system with multiple blockchain networks, allowing secure asset transfers.

Is LINK a safe investment?

While LINK shows strong fundamentals and adoption, cryptocurrency remains volatile. Investors should evaluate risks and trade responsibly.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.