Chainlink (LINK), the leading blockchain oracle token, may crash to $5, but all is not lost for the digital asset. Exchange data shows that whales may be waiting to bid the token aggressively if it slumps to the $5 target price.
Will LINK tumble to $5?
On-chain analyst TopNotchYJ shared a warning for LINK investors, saying that following a brief recovery from $7.19, there has been a significant spike in exchange inflows to the tune of 19%. The rise in LINK exchange inflows suggests that bears may be back in control of the market.
The analyst added that if LINK fails to defend the $7.19 level, then it may be headed toward the next major support level around $5. Notably, the digital asset last touched the $5 level back in June 2023.
Despite the looming potential crash of LINK, the analyst said that there is not much to worry about. TopNotchYJ remarked that whales are waiting to buy the token aggressively and that a possible drop to $5 “could be part of a bigger strategy for them.”
They noted that although retail investors may be panicking currently, the ‘smart money,’ or whales and institutional investors, are not too worried. The following chart shows that since their launch, LINK-based exchange-traded funds (ETFs) have not seen a single day of outflow.
Generational entry point for investors
The CryptoQuant analyst pointed out that the current dip in LINK represents a classic ‘shakeout,’ signaling the beginning of the digital asset’s next upward trajectory. The analyst described the $5 zone as an “ideal entry zone for smart money” seeking the most discounted price on LINK.
The cooling-off in the following volume map shows that the persistent LINK sell-off may finally be nearing its end, setting the stage for an institutional takeover. That said, just the mere speculation that whales are waiting to buy LINK is not enough to guarantee that the cryptocurrency’s price will see a strong reversal.
In December 2025, Chainlink’s top 100 holders added LINK tokens worth $263 to their wallets. Despite the aggressive buying force, the token failed to exhibit any meaningful positive price action.
