LINK Surges Over 10% Today! Whales Accumulate More Than 6 Million LINK

TradingKey – Aggressive buying by whales and institutions fuels LINK’s sustained rebound, with further upside likely.

On Monday, during U.S. pre-market hours, Chainlink (LINK) — the leading oracle protocol—jumped 11%, outperforming most major cryptocurrencies on strong buying momentum.

Top Gainers in Crypto – Source: CoinMarketCap.

According to monitoring data from Lookonchain, since the October 11 market crash:

• A total of 30 newly created wallets have withdrawn over 625,000 LINK from Binance, worth approximately $116.7 million
• This significantly reduced sell-side pressure and signaled strategic accumulation

Institutional Support

Public companies continue to absorb market sell-offs:

• Nasdaq-listed Caliber recently announced a $2 million purchase of over 90,000 LINK tokens
• The firm now holds more than 560,000 LINK, sending a strong bullish signal to the market

Technical Setup and Macro Tailwinds

• On November 16, LINK retested support near $15, then began a sharp rebound
• Over the past three days, LINK has surged 26%, now facing short-term resistance around $20
• With Federal Reserve rate cut expectations rising, investor confidence is gradually recovering. October could see LINK break through resistance and extend its rally

LINK Price Chart – Source: TradingView

LINK’s rally is backed by whale accumulation, institutional buying, and improving macro sentiment. If momentum continues and the Fed delivers on rate cuts, LINK may break above $20 and enter a new bullish phase heading into November.