Chainlink whales buy 2.5 million LINK as new addresses reach 1,500 daily

  • Large investors purchased more than 2.5 million LINK during the past 10 days.
  • Approximately 1,500 new LINK addresses were created daily, according to Martinez.
  • Martinez identified resistance near $16 and a stronger level around $17.70.

Large investors have purchased more than 2.5 million LINK over the past 10 days, according to crypto analyst Ali Martinez, pointing to continued buying interest in Chainlink’s token. Daily creation of new LINK addresses has also reached approximately 1,500, which Martinez views as evidence of expanding network adoption and a factor that has supported strong price rallies in the past. If current demand persists, Martinez identifies about $16 as the first significant resistance zone, where approximately 16.9 million LINK were previously purchased. A break above that level could bring $17.70 into focus as a stronger resistance area, backed by roughly 22.7 million LINK previously accumulated there. The analysis is not investment advice.

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