Chainlink (LINK) is making significant waves due to renewed whale activity that showcases its potential. Today, a whale deposited 200,355 LINK worth $3.27 million into Binance after being dominant for nine months, making a profit of $1.08 million.
Lesson from this whale’s trading
The move to deposit the tokens to Binance reveals that the whale cashed out impressive profits from his investment. The transaction shows the power of token holding. The investor not only remained patient but also held his tokens for the last nine months, during which his investment grew as a result of price growth.
Nine months ago, the whale accumulated 345,786 LINK tokens for $4.56 million. As reported by the data, the whale still holds 145,430 LINK valued at $2.37 million.
The whale’s move to sell his tokens created excitement in the crypto market due to the significant returns he eventually recouped. The trader transferred his LINK tokens from his cold wallet to Binance, generating a $1.08 million profit due to the right market timing.
Chainlink integrates with the TRON network
Following the whale’s transaction, LINK price experienced a significant volatility. The asset’s price is currently standing at $16.28, up 0.9% from yesterday and up 34% from the last month, maintaining an ongoing uptrend.
Today’s price action has been catalyzed by two key factors. The first one is Chainlink’s partnership with the TRON blockchain. Today, May 16, 2025, Chainlink announced the integration of its decentralized Oracle services to TRON’s fast-processing blockchain network. The integration is set to facilitate improved functionality of TRON’s smart contracts. The announcement improved crypto users’ sentiment in Chainlink, leading to price upward movement.
The second catalyst is this whale’s decision to sell his LINK tokens, an event that showed the asset’s profitable capability. As a result, this whale’s strategic activity triggered a 15.40% increase in LINK’s trading volume today, suggesting an increase in investors’ interest in the asset. User purchasing activity increased after the whale’s deposit, building up continuing buying pressure.
From the technical perspective, Chainlink weekly RSI currently stands at 59.71, indicating that LINK is in a bullish momentum, and still prepares for another upsurge in the coming weeks. This suggests that the token’s price could move from the current price level ($16.28) to the next resistance levels $16.66 and $16.91 soon.
