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- 39 wallets withdrew 9.94M LINK ($188M) from Binance this month.
- Holder Accumulation Ratio hits 98.9%, showing strong investor confidence.
- Analysts eye a $35–$46 breakout if bullish momentum holds.
Large investors are once again turning their attention to Chainlink (LINK) as October draws to a close. On-chain data reveals that 39 newly created wallets have collectively withdrawn 9.94 million LINK, worth about $188 million, from Binance since the October 11 market dip — a strong signal that big players are positioning for long-term gains.
These significant withdrawals suggest renewed confidence among Chainlink whales, who are moving their holdings off exchanges for secure storage, a typical move before major price rallies.
Whales keep accumulating $LINK.
— Lookonchain (@lookonchain) October 27, 2025
39 new wallets have withdrawn 9.94M $LINK($188M) from #Binance since the 1011 market crash.https://t.co/N4RfX2npyl pic.twitter.com/aZcl3uYlZJ
Growing Whale Activity Signals Long-Term Confidence
Data from Bitget further confirms this accumulation trend. Two large transactions — one worth $28.39 million and another worth $18.33 million — were executed within the last 24 hours, bringing total whale withdrawals to 2.6 million LINK over nine days. Analysts believe these wallets may belong to the same entity, steadily accumulating at an average price near $17.8.
This growing interest aligns with the view that Chainlink is evolving into a vital layer for DeFi, real-world asset tokenization, and enterprise blockchain integration. With nearly all active holders adding more LINK — reflected by a Holder Accumulation Ratio of 98.9% — the trend signals increasing conviction in the project’s long-term utility.
Are on-chain metrics hinting at a $LINK rally?$LINK exchange balances keep dropping, a clear sign of accumulation.
— Tom Tucker (@WhatzTheTicker) October 26, 2025
Holder Accumulation Ratio hit 98.9%, showing nearly everyone is adding more LINK.
If this trend holds, analysts see a possible move toward $46 ahead. pic.twitter.com/aO8D7ZwdT7
Analysts Eye $35–$46 LINK Rally Ahead
Analysts now suggest a potential upside, citing LINK’s tightening technical structure. The token currently trades near $18.56, up 3% in the past day. It’s consolidating around the 20-day SMA, and a breakout above $21.45 could push prices toward the $22–$24 zone.
Also Read: Chainlink Whales Buy $24M in LINK as Bulls Eye $26
Popular trader Don noted on X that LINK has been forming a bullish flag since August — a pattern often preceding strong upward moves. If momentum continues, he projects a short-term target of $35, with other analysts eyeing $46 as the next resistance level.
Whales Bet on Chainlink’s Next Big Move
The latest wave of whale accumulation underscores growing optimism in Chainlink’s expanding role in decentralized infrastructure. With on-chain data showing near-universal accumulation and exchange balances falling sharply, LINK may be gearing up for another major leg higher.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
