Chainlink $20.3 Whales attracted attention in the crypto market by purchasing approximately 1.35 million tokens in the last 24 hours. While this heavy buying led to potential increases in the LINK price, investors reacted quickly to the market recovery.
Whale Purchases Boost Market Optimism
According to a post by crypto analyst Ali Martinez on the X platform, Chainlink whales purchased over 1.35 million tokens in the last day. Martinez noted that Santiment data shows that large purchases occurred during the token’s fluctuating movement between $19 and $20.5. He also emphasized that the current price level may form a critical support zone by market participants.
“Such large purchases by Chainlink whales strengthen the belief of market participants that the price will rise,” Ali Martinez said.
Ecosystem Developments Support Price Increase
CCIP v1.5 upgrade is now active on mainnet for all developers. This update enables developers to move their tokens cross-chain and distribute Cross-Chain Tokens (CCT) on more than 20 blockchains. Additionally, CCIP expands Circle’s bridged USDC stablecoin standard to more chains.
Chainlink also, Ripple 
$2.8 It aims to support the RLUSD stablecoin in DeFi markets by partnering with . These collaborations indicate significant improvements in Chainlink’s ecosystem.
Expectations for Price Movements
Emerging positive data and ecosystem innovations have increased investors’ expectations for Chainlink’s future movements. According to reports, LINK price increased by approximately 4% in the last 24 hours, reaching $20.35. The intraday lowest and highest prices were $19.45 and $20.63, respectively.
Coinglass data showed that open interest in LINK futures increased by 10% to $867 million. This indicates that market interest has increased and price movements may continue.
The CoinGape report predicts that Chainlink has set its long-term targets at $43, 50 and even $100, and that collaborations with institutions such as Swift and Franklin Templeton will contribute to the price rise. Overall, market observers expect further increases thanks to the token’s dynamic developments.
Investors and traders are closely monitoring Chainlink’s future price movements in light of these positive developments. Rising whale acquisitions and ecosystem developments continue to strengthen LINK’s market position.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
