LINK Price Faces Resistance While Whale Data Shows Balanced Supply

• LINK’s top wallets show healthy distribution, reducing manipulation risks.
• Strong support forms as 53.15M LINK accumulated near $12.42–$12.93.

Chainlink ($LINK) is trading at $13.46, with market sentiment divided between profit and loss holders. On-chain data reveals strong support around the $12.42–$12.93 range and visible resistance near $15.30. 

Top analyst Ali Martinez said 35.96% of LINK holders around 111.91 million tokens, are currently “In the Money.” At the same time, 63.37%, or 197.22 million LINK, are “Out of the Money,” holding at a loss. Only 0.67% of tokens are “At the Money,” trading near their purchase price.

A strong cluster of support sits between $12.42 and $12.93, where 20,260 addresses accumulated 53.15 million LINK. This zone may help prevent further downside. However, resistance looms in the $14.88 to $15.52 band. 

In this range, 19,440 addresses hold 37.25 million LINK, signaling sell pressure. A move past $15.30 could unlock higher prices. These metrics cover 31.12% of LINK’s on-chain data and offer a reliable insight into current market behavior.

Whale Holdings Indicates Healthier Supply Distribution

Santiment’s recent data highlights key differences in whale wallet concentration across crypto assets. LINK’s top 10 wallets hold 32% of the total supply, showing moderate decentralization. USD Coin (USDC) shows a similar distribution, with its top 10 wallets controlling 27%.

In contrast, Shiba Inu (SHIB) displays high centralization. Its top 10 holders control 62% of the total token supply, raising concerns about potential volatility. 

Analysts note that such concentrated holdings increase the risk of market manipulation or sudden price swings. LINK’s distribution, by comparison, presents a more balanced and less risky profile for retail participants.

Mastercard Teams Up with Chainlink to Bridge Fiat and Crypto

Chainlink announced a new partnership with Mastercard aimed at enabling onchain fiat-to-crypto conversions for global cardholders. The collaboration integrates Chainlink’s interoperability layer with Mastercard’s payment network. This offers users a way to access crypto directly and securely from their bank accounts.

Partners supporting the project include ZeroHash, which manages compliant crypto liquidity, and Shift4 Payments, which handles card processing. Swapper Finance contributes to decentralized execution through Uniswap and XSwap integration.

Chainlink Co-Founder Sergey Nazarov stated that the initiative brings traditional finance closer to blockchain infrastructure. 

Mastercard’s Raj Dhamodharan added that there is a growing demand for accessible and regulated crypto solutions. This partnership could streamline users’ interactions with both fiat and digital assets.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.