New data from analytics firm Alphractal suggests that Chainlink may be entering a critical accumulation phase, with large holders steadily increasing their stakes.
Alphractal highlighted that LINK’s realized price – a metric tracking the average cost basis of circulating tokens – sits near $15. Analysts say this level could serve as a major safety net if prices retreat, marking it as a strategic zone for long-term accumulation.
Big Holders Add More LINK
Wallets controlling between 100,000 and 1 million LINK, as well as those with over 1 million tokens, have been quietly expanding their positions. According to Alphractal, this trend reflects growing confidence from whales and institutional-scale players who see Chainlink as a key infrastructure project for the next market cycle.
Price Momentum Builds
LINK has rallied roughly 40% over the past month, climbing to $23.70 at press time. That performance has lifted Chainlink to the 11th-largest cryptocurrency by market cap, fueling speculation that it could play an outsized role if another bull market takes shape.
For analysts at Alphractal, the message is clear: while traders chase short-term moves, the biggest investors are quietly treating Chainlink as a foundation asset for the future of decentralized finance.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/whales-are-loading-up-on-chainlink-15-seen-as-critical-support/