Chainlink Whales Load Up on LINK Tokens Ahead of Potential Rally

Chainlink (LINK) price has been testing critical support levels as whales accumulate over $120 million worth of tokens.

In recent days, large wallet holders purchased approximately 10.36 million LINK tokens during a price decline, signaling that major players are establishing positions ahead of potential upward movement.

The accumulation comes after Chainlink's price surged 35% in the last month and institutional ETF products recorded $5.36 million in September inflows via Bitwise CLNK and Grayscale GLNK.

According to market analyst Ali Charts, this pattern of large-scale accumulation following significant price corrections typically signals that major players are establishing positions ahead of potential upward movement.