A mysterious whale has made a new entry into ChainLink cryptocurrency by accumulating 663,580 tokens on Sunday. The whale spent a staggering $16.5 million in the ordeal, holding more than half a million LINK in the wallet. The wallet address had previously indulged in swing trading Chainlink two years ago and took home a profit of $1.72 million. For the uninitiated, swing trading is a concept where investors map its growth and take entry positions between two days and a few weeks.
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They stick to a price target and quickly exit after reaching the point. They don’t indulge in the ‘buy-and-hold’ long-term policy but book quick profits after a target is met. Swing traders use technical analysis to identify which stocks or cryptocurrencies are likely to rise next and invest in them after conducting thorough research. The anonymous whale had made $1.72 million by swing trading Chainlink cryptocurrency in 2023. Unlike retail investors, swing traders mostly know exactly what they’re doing and act according to the plan.
The unknown whale reappeared on Sunday, accumulating $16.5 million worth of Chainlink cryptocurrency. It remains a mystery if the whale will indulge in swing trading and dump LINK in the coming few days. “A whale who made $1.72M by swing trading LINK 2 years ago is back — recently buying 663,580 LINK($16.85M),” according to the LINK data from Arkham Exchange.
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Chainlink Cryptocurrency Buzzing in 2025
Bitcoin, Ethereum, and Chainlink are among the top-performing cryptocurrencies in 2025. LINK is up nearly 110% in a year and has doubled investors’ money from 2024 to 2025. It is still attracting bullish sentiments, and since LINK moves in tandem with BTC’s price, a rally from here could propel it to soar in value. It is now close to its yearly high of $26, and another leg-up could push it towards the $30 mark. Taking an entry position now could be beneficial as major institutional funds are investing in Bitcoin via ETFs.