LINK Climbs as Institutional Whales Increase Holdings by $188M Post-October Crash

Analytical Market Commentary Style

Chainlink Sees Renewed Whale Interest as LINK Regains Ground

Chainlink’s native token LINK extended its recovery on Monday, rising to $18.80, buoyed by signs of steady accumulation from large investors.

Data from Lookonchain reveals nearly 10 million LINK tokens — worth approximately $188 million — have been moved off Binance since the October crash, signaling that whales may be positioning for a medium-term rebound.

Despite subdued trading activity, with 24-hour volume still below weekly averages, LINK’s price action shows resilience. The token has built a bullish higher-low pattern, and the breakout above $18.70 confirms a shift in short-term momentum.

Technical models place immediate support at $18.20–$18.25 and resistance near $20.00. Analysts caution that while accumulation is a positive signal, a sustained rally will likely require stronger participation from institutional traders.