Chainlink's price has stopped rising after reaching an intraday high of $24.74 on August 13th. It is currently trading at $22.29, with the altcoin's price dropping by 11%.
While LINK's price is stagnating, large holders seem unperturbed. They view this decline as a buying opportunity and are consequently increasing their accumulation. What might this mean for the altcoin?
LINK Whales, Big Movement
According to on-chain data, the number of LINK whale transactions exceeding $100,000 reached 992 on Thursday, the highest in seven months.
๐ฅ LATEST: $LINK Rallies Nearly 40% in a Week as Whale Activity Surges ๐
โ CryptosRus (@CryptosR_Us) August 14, 2025
๐ณ Whale transactions at their highest level in seven months, alongside profits not seen since late 2024.
On the on-chain side, we're seeing the most active $LINK addresses in 8 months, and most whaleโฆ pic.twitter.com/fRio7S0PZ8
With this increase in high-value transactions, LINK's price rose to $24.31, which is 2% lower than the previous day's closing price.
Today, 232 whale transactions exceeding $100,000 have already been recorded. This suggests continued interest from high-net-worth investors despite today's market adjustment.
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Additionally, the number of daily active addresses trading LINK shows an increasing trend, indicating growing on-chain engagement. According to Sentiment, this was observed using a 7-day moving average and has increased by 55% since early August.
This steady increase suggests that while whales are actively trading, LINK traders' participation is also increasing. This confirms a growing interest in the asset despite recent market volatility.
LINK Price, Potential Breakthrough if Maintaining $22.21 Support
The increase in active addresses reflects strengthening network usage for Chainlink. If this trend continues alongside increased LINK demand from whales, it could reinforce support at $22.21. In this case, LINK could rise to $25.55.
Conversely, if the support weakens and breaks, LINK's price could drop to $19.51.
CryptosRUs analyst George recently reviewed LINK as a token to watch in a YouTube video:
