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Chainlink Under the Radar: $36M in $LINK Quietly Accumulated by New Wallets

One of the most crucial infrastructure projects in crypto, Chainlink , is now at the center of a new kind of on-chain pattern that is developing. This past week, blockchain analysts noted that a fresh wave of accumulation by unknown actors appears to be anything but random. Some 15 freshly created wallets—new to on-chain activity and previously inactive—have pulled 2.52 million $LINK tokens from Binance in the past week. At current prices, that represents a not-so-quiet transfer of $36.43 million off one of the world’s largest crypto exchanges. This is not your standard whale shuffle or portfolio rebalance. These wallets had formed no previous transactions and seem to have been made just to buy and then take out $LINK. The observers in the crypto world kind of watch this behavior and expect a major catalyst or an insider-led move to follow. Accumulation Patterns Hint at High Conviction When seasoned investors or institutions gather assets, they usually do so in a way that attracts as little notice as possible—by typically setting up fresh wallets, for instance, and using them to distribute holdings across several days, different exchanges, and, if need be, different types of transaction. The 15 wallets we’re looking at here do just that—and do it very well. They took a substantial amount of $LINK from Binance, but not in a way that sent up any price signals. If the price didn’t move, though, how did they manage to take a big chunk of $LINK out of a big exchange? Is Something Huge Brewing in $LINK ? 15 Fresh Wallets Say Yes — But DYOR In just the past week, we’ve tracked something unusual — 15 fresh wallets have been accumulating $LINK from Binance, withdrawing a total of 2.52 million $LINK (~$36.43 million). pic.twitter.com/ZRKT0Ldstq — EyeOnChain (@EyeOnChain) April 24, 2025 Methodical accumulation of this sort usually indicates something beyond just a bull market mood. It reveals what is often a strong conviction, possibly by insiders, early backers, or institutional investors, about the imminent potential of an event (or a series of events) they’re expecting to happen soon. Or it reveals a strong belief in the long-term worth of Chainlink’s technology. You don’t see this kind of accumulation happening by chance. In the past, this kind of wallet activity has come just before big announcements, partnerships, or upgrades in the crypto world. Now, we can only speculate, but thinking about on-chain whispers as something that’s almost always been associated with major Chainlink activity, it seems that we’re on the verge of something kind of significant. Why Chainlink? Why Now? Chainlink has been considered for a long time to be such a foundational layer in the blockchain space that it now seems to truly embody the concept of a blockchain primitive. That is not to say that Chainlink has no competition. It does, notably from the decentralized oracle network Numerai and private company Band Protocol. But Chainlink now seems to be the go-to oracle solution for many teams wanting to connect their smart contracts to off-chain (or real-world) data. What makes the ongoing accumulation wave all the more interesting is the general context enveloping the Chainlink ecosystem. This recent accumulation has, in fact, been happening in a far wider context that should not be overlooked. In recent months, Chainlink has itself been very active within the crypto space. It has been associated with the development of what is called the Cross-Chain Interoperability Protocol (CCIP), which aims to connect disparate blockchains in a way that really does power a unified Web3 ecosystem. At the same time, enterprises and other institutions have been investigating the whole idea of real-world asset tokenization. They’re trying to figure out how they can use smart contracts and other tools in the crypto space to do that in a way that’s somehow better than what they’ve done before. And Chainlink, by virtue of its position, is very well placed to play a big role in all of that. Also, discussions about Chainlink staking updates and greater integration with enterprise blockchains have analysts buzzing. If a big announcement or product rollout is just around the corner, it would explain why such well-heeled entities are seeming to position themselves in advance. Reading the On-Chain Signals One of the clearest forms of market intelligence to come out of crypto is the on-chain data itself. In stark contrast to traditional finance, where one has to hunt for telltale signs buried in quarterly reports or sometimes-even-forensic approaches to piecing together the live drama of economic agents, cryptocurrencies are a realm of constant, loud, and gloriously public movement. That makes it something of a spectator sport for anyone who wishes to understand the real-time pay-for-play antics of the market participants. Moving $36 million in $LINK to new wallets doesn’t promise price action or a bullish catalyst. But it does hint that some big players are making moves based on private knowledge or strong belief that’s not yet reflected in the public market. And what are these alleged actors up to? Could be anything from a protocol upgrade to a new partnership, or even a crypto-wide bull shift. Accumulating $LINK in such a manner is the type of signal that experienced traders pay close attention to. Conclusion: A Storm Brewing? Linking chains has always been of utmost importance for the Web3 infrastructure. The recent actions on the chain could be a delicate prelude for the next major movement of Chainlink. With 15 wallets freshly in Tow, 2.5 million Link tokens have been purposefully and significantly amassed far away from Binance. Though the precise motive is still murky, Chainlink has once again captured investor interest. What could this mean? It could mean that a major rally is in the works. It could mean that there is some significant strategic shift going on with the company. Or it could even mean that some early market players are just positioning themselves ahead of making Link more mainstream. In any case, we’re watching too, because in the world of crypto, quiet wallet movements often speak louder than tweets. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! CoinTurk News

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Ethereum Price Charts Hint at Pullback — Support Levels In Focus

Ethereum price started a fresh surge above the $1,720 resistance. ETH is now correcting gains and might revisit the $1,700 support zone. Ethereum started a fresh rally above the $1,720 zone. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $1,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,800 resistance zone. Ethereum Price Signals Downside Correction Ethereum price remained stable above the $1,680 level and started a fresh increase, like Bitcoin . ETH traded above the $1,720 and $1,750 levels. The bulls even pumped the price above the $1,800 level. A high was formed at $1,834 and the price recently started a downside correction. There was a move below the 23.6% Fib retracement level of the upward move from the $1,565 swing low to the $1,834 high. The price even dipped below the $1,780 level. There is also a connecting bearish trend line forming with resistance at $1,780 on the hourly chart of ETH/USD. Ethereum price is now trading above $1,720 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,780 level and the trend line. The next key resistance is near the $1,800 level. The first major resistance is near the $1,840 level. A clear move above the $1,840 resistance might send the price toward the $1,920 resistance . An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,950 resistance zone or even $2,000 in the near term. Are Dips Limited In ETH? If Ethereum fails to clear the $1,780 resistance, it could start a fresh decline. Initial support on the downside is near the $1,725 level. The first major support sits near the $1,700 zone and the 50% Fib retracement level of the upward move from the $1,565 swing low to the $1,834 high. A clear move below the $1,700 support might push the price toward the $1,650 support. Any more losses might send the price toward the $1,620 support level in the near term. The next key support sits at $1,550. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $1,700 Major Resistance Level – $1,800 CoinTurk News