Chainlink Whale Wallets Hit 600 as LINK Trading Volume Tops $2 Billion

Chainlink (LINK) is in one of its strongest phases this year with institutional activity and trading demand on the rise...

Quick overview

  • Chainlink (LINK) is experiencing significant institutional activity, with whale wallets exceeding 600, marking an all-time high for September.
  • In early September, these wallets accumulated 1.25 million LINK, indicating strong investor confidence.
  • LINK's trading volume has surged to between $1-2 billion daily, significantly higher than July's average of $500 million.
  • Analysts predict LINK could reach an all-time high of $53 by 2025, driven by strong fundamentals and growing adoption.

Chainlink (LINK) is in one of its strongest phases this year with institutional activity and trading demand on the rise. According to Alphractal on-chain data, wallets holding 100,000-1,000,000 LINK and wallets holding over 1,000,000 LINK have now surpassed 600, an all-time high for September.

This growing concentration of whale addresses shows major investors are confident. In the first two days of September alone these wallets added 1.25M LINK, that’s accumulation.

Trading volume also supports this trend. According to CoinMarketCap, LINK’s daily volume has been between $1-2B in August and September, way above July’s average of $500M. LINK is currently at $23 and realized price (average purchase price of circulating tokens) is at $15.1, a strong support.

Whale Data:

  • Whale wallets: 600+
  • Accumulation: 1.25M LINK in early September
  • Current price: ~$23
  • Realized price: $15.1

Cross-Chain Protocol Drives Growth

Besides investor activity, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is also adding momentum. CCIP allows communication between different blockchains, a crucial function for DeFi.

In early September, CCIP processed over $130M in cross-chain transfers in a single day. $106M of this was from World Liberty Financial (WLFI) a DeFi project backed by Donald Trump’s team.

This surge in demand shows Chainlink is the backbone of blockchain integration. It also builds on earlier partnerships like the one with the U.S. Department of Commerce to bring GDP, PCE and consumer spending data on-chain. These integrations take Chainlink’s utility beyond crypto markets to real-world finance.

Chainlink Price Chart - Source: Tradingview
Chainlink Price Chart – Source: Tradingview

Chainlink (LINK/USD) Analysts Eye 2025 Price Targets

Analysts are bullish on Chainlink long term. With whale wallets at all-time high, trading volume surging and institutional partnerships growing, LINK’s outlook is getting stronger.Technical charts show LINK could hit all-time high of $53 by 2025. That’s 130% from current price. For holders, strong fundamentals, adoption driven growth and whale accumulation is a recipe for stability in a choppy market.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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