Chainlink (LINK) Could be Primed for a Bullish Rally as Whales Accumulate

Chainlink (LINK) is showing early signs of a new bull cycle as the coin surges by over 7% over the last 24 hours. Meanwhile, LINK is up by over 29% on the weekly chart and over 44% on the monthly timeframe, per data by Coingecko. 

While the altcoin is riding on the larger altcoin market rally led by Ethereum, the project has managed to hit some key strategic milestones lately. Additionally, investors are now showing stronger conviction with whale accumulations surging. 

What’s Behind LINK’s Rally? 

LINK’s recent price action has been backed by various factors. In particular, the project launched a long-term reserve fund to accumulate LINK on August 7. This move comes  in a bid to reduce selling pressure and reinforce bullish market sentiment. 

We're excited to announce the launch of the Chainlink Reserve, a new upgrade centered on the creation of a strategic onchain reserve of LINK tokens.https://t.co/ENs52Qjnn2

The Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink… pic.twitter.com/vUElyovvYs

— Chainlink (@chainlink) August 7, 2025

As detailed in Chainlink’s official blog, the Chainlink Reserve will serve as a decentralized LINK accumulation mechanism. Once tokens are allocated to the reserve, they will not be withdrawn for several years. 

“We do not expect any withdrawals from the Reserve for multiple years and thus it is expected to grow over time. We believe that as the industry demand for Chainlink’s unique capabilities increases, that adoption of Chainlink services will enable the Reserve to grow further,” the blog noted.  

The statement presents a loud message regarding the long-term direction of the project. It also shows the project’s desire to ensure a stable resource pool for incentive programs, development, and integration efforts. 

Another factor bolstering Chainlink‘s performance is the growing whale accumulation. According to data by Santiment, an on-chain and social analytics provider, whales and sharks wallets are growing in number. 

“Chainlink whale & shark wallets are growing in number, as well as their collective holdings,” Santiment wrote on X. 

The platform further noted that wallets holding 100,000 -1,000,000 LINK tokens have grown by 4.2% since the start of August. Furthermore, these wallets (100K-1M) have also accumulated 0.67% more of the Chainlink supply in August alone. 

Large wallet accumulation behavior is generally seen during times of uncertainty, or when liquidity is low. With this tendency, LINK could enjoy good foundational support from the solid buying by top investors.

Analyst Eyes LINK Rally to $95

Chainlink’s price action on the day has attracted the attention of both investors and analysts. Crypto analyst Ali Charts for instance, believes that LINK could be primed for a rally to $95. However, he emphasized that the altcoin must first break out above $24 for such a parabolic surge. 

“Chainlink $LINK breaking above $24 clears the way for a massive bull rally to $95!,” Ali Charts shared in a post. 

Ali’s prediction stems from the formation of a symmetrical triangle pattern on the Chainlink’s weekly chart. While typically considered neither bullish nor bearish, this technical pattern, the upward momentum suggests that LINK is shifting bullish. 

Previously, Ali Charts had noted that the coin could surge to $46 as long as the support at $13 holds. His analysis further shows that LINK is moving in an ascending channel pattern on the 3 day chart, further suggesting that the bullish momentum could continue. 

As of this writing, Chainlink is trading at $20.80. A surge to $95 would mean a new all-time high (ATH) for the coin. Current ATH sits at $52.99 set on May 9, 2021. Continued accumulation by whales could potentially push LINK to these levels, but investors must remain cautious of any signs of correction.