Crypto Whales Triggering a New LINK Rally?

Chainlink (LINK) is up nearly 5% on Tuesday, in part thanks to the latest whale movements around the altcoin this past weekend. LINK prices have surged by 18% in just three days after retesting a critical support level near $19. The token whale activity intensified as over 1.40 million LINK were accumulated, signaling the potential for a further rally.

At press time, LINK is up to $24.38. The asset is expected to bump a bit in January as “altcoin season” gets underway. Several crypto analysts see 2025 as a big year for digital assets, especially in the US. Whales seemingly agree, buying in on several top coins including Chainlink LINK.

On January 5, Ali Charts, a popular crypto expert, posted on X (formerly Twitter) that whales have purchased over 1.40 million LINK tokens in the past four days. The mass purchase has led to a 20% rise for the altcoin over the weekend. On the 7-day chart, Chainlink is up 20.69% thanks to the weekend climb. According to Ali, this accumulation suggests that whales are positioning themselves for 2025, ensuring they don’t miss out on any substantial upside momentum.

Furthermore, a closer look at LINK’s on-chain metrics reveals positive trends for the token. The exchange outflows for LINK have steadily decreased over the last three days. This suggests fewer LINK holders are moving assets to exchanges for potential sell-offs, pointing to significant upward price potential.

Also Read: AI Predicts PEPE Price For January 15, 2025

Chainlink Price Prediction for January: Whales To Drive Momentum?

Cryptocurrency price prediction platform CoinCodex has been optimistic about LINK’s potential. Specifically, they project the asset to near the $40 mark as a January high. Yet, that is just the beginning of what should be a record-setting year for the crypto.

According to the platform, LINK will challenge its $52 all-time high in February of this year. Its sentiment will lead it to ultimately increase by 211% from its current position. Indeed, they project LINK to trade above the $73 mark in May, setting an all-time high and building on two years of impressive growth.

Also Read: How High Will Chainlink Rise In January 2025?

With high hopes for the bull market in 2025, there are few cryptocurrencies with more potential than LINK. The network was a key part of a massive tokenization pilot project involving Chainlink, JPMorgan, Franklin Templeton, and BNY Mellon. Those efforts should continue this year, with some big names potentially set to join the fray.