Chainlink Price Targets $36 as 30 Wallets Accumulate $116.7 Million
The post Chainlink Price Targets $36 as 30 Wallets Accumulate $116.7 Million appeared on BitcoinEthereumNews.com.
Key Insights: Chainlink price traded at $19.01 as of press time, up 8.9% in the past 24 hours, following mass accumulation by new wallet addresses. Lookonchain reported that 30 new wallets withdrew 6,256,893 LINK worth $116.7 million from Binance since the Oct. 11 market crash. Chainlink will attend the Federal Reserve’s Oct. 21 conference on payments innovation, addressing stablecoin use cases and the convergence of traditional and decentralized finance. Chainlink price traded at $19.01 as of press time, up 8.9% in the past 24 hours. The rally followed reports of mass accumulation by newly created wallet addresses withdrawing tokens from centralized exchanges. Lookonchain reported on Oct. 20 that 30 new wallets withdrew 6,256,893 LINK worth $116.7 million from Binance since the Oct. 11 market crash. The withdrawals pointed to sustained buying pressure from fresh addresses accumulating the token. Additionally, it indicates that buyers plan to hold LINK for now. Onchain Lens also flagged three specific wallets driving the LINK price movement. Wallet 0xbBF withdrew 400,536 LINK worth $7.29 million and held 1.145 million LINK worth $21.52 million. Another wallet 0x111a withdrew 231,715 LINK worth $4.34 million. Wallet 0x586 withdrew 193,499 LINK worth $3.62 million. Fundamental Developments Support Price Action Chainlink secured a spot at the Federal Reserve’s Oct. 21 conference on payments innovation. The event will address stablecoin use cases, business models, convergence of traditional and decentralized finance, and tokenization of financial products and services. Chainlink could have a role in speaking about institutional developments around blockchain infrastructure. The timing coincided with the LINK price rally. Additionally, Chainlink announced a series of partnerships and integrations between June and October 2025 that built fundamental support for the token. On June 11, Chainlink’s cross-chain token standard became compatible with Optimism’s Superchain. The first deployment went live on Soneium via ASTR in collaboration…
Filed under: News - @ October 21, 2025 1:25 am