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Crypto•3 April 2026•

1 min read

Large whale swimming above glowing cryptocurrency coins in a symbolic crypto market scene

Whales Accumulate Chainlink (LINK) Amid Period of Price Consolidation

Key Facts

1The number of wallets holding at least 1 million LINK has grown from 100 to 125 over the past year.

2Chainlink (LINK) price is consolidating on the daily chart without significant or flashy volatility.

3Smart money is quietly accumulating LINK while other traders chase volatility in different assets.

Chainlink (LINK) continues its consolidation phase, currently trading at $8.66 with a neutral Relative Strength Index (RSI) of 45.41. On-chain data remains supportive of a long-term bullish outlook, as the number of wallets holding at least 1 million LINK tokens has grown by 25% to 125 addresses over the past year. However, technical analysis identifies a key resistance level at $9.75, while the MACD indicator suggests emerging concerns regarding bearish momentum. In the broader altcoin market, Avalanche (AVAX) is trading at $8.88, with technical patterns pointing toward a potential test of the $9.26 resistance level. This strategic positioning by "smart money" reflects underlying confidence in network fundamentals despite short-term technical hurdles. Investors are closely watching these pivotal price levels to gauge the next directional move for both LINK and AVAX.

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What changed: The story was updated to include current price levels, RSI and MACD indicators for LINK, and new technical data for Avalanche (AVAX).