Chainlink Faces Mounting Selling Pressure as LINK Whales Continue Offloading

Chainlink faces mounting selling pressure as LINK whales continue to exit their positions.

Chainlink (LINK) is facing increasing selling pressure as LINK whales continue to offload their holdings and major wallet addresses drop. Some analysts highlight the declining exchange supply as a long-term bullish sign.

However, with rapid exits and key support levels being tested, the coming days will be critical in determining whether Chainlink stabilizes or experiences a more profound decline.

On the other hand, Panshibi is making waves with its massive presale, having already raised over $1.23 million and positioning itself as the biggest meme coin of 2025.

Chainlink Devalues As More LINK Whales Exit

The crypto market has seen a shift in sentiment as more Chainlink (LINK) whales exit their positions. The number of wallets holding between 100,000 and 1,000,000 Chainlink tokens has decreased from 558 in November 2024 to 516, signaling a potential change in sentiment among large holders.

Furthermore, there has been a sharp decline in Chainlink’s BBTrend indicator, which measures the strength of an asset’s trend, dropping from 19.31 to 7.46. This significant decrease suggests that the bullish momentum for Chainlink is weakening.

Adding to the bearish outlook, Chainlink crypto is forming a double-top pattern on the four-hour chart. This technical indicator is a classic reversal signal that could accelerate losses for LINK. A break below $12 would confirm this setup, potentially triggering a price decline towards $9.

On-chain data from Chainlink further supports this trend, showing an increase in short positions. There are currently $10 million in bets against Chainlink and only $4 million in long positions. With trading volume surging amid the decline, traders are positioning for more downsides.

Institutional interest in Chainlink persists, with WLFI recently acquiring $4.7 million in Chainlink as part of a broader $50 million crypto investment. However, with key support levels being tested and LINK whales exiting rapidly, the coming days will be crucial in determining whether Chainlink manages to stabilize or experiences a steeper decline.

Panshibi Could Outperform Chainlink With 145,000% Gains

In a groundbreaking move, Panshibi (SHIBI) is merging the essence of Asia's vibrant culture, the universal appeal of pandas, and the explosive growth of memecoins.

Inspired by the beloved panda, Panshibi integrates social-fi and AI-driven quests, enabling SHIBI holders to engage, compete, and reap exciting rewards. With its native token, SHIBI, users can access high-yield staking opportunities of up to 1200% APY and exclusive VIP membership perks.

"We are aiming to build the biggest Asia-inspired memecoin in the market, with the potential for huge returns for early investors," said a spokesperson for Panshibi.

Panshibi's $10 million presale is structured in 15 stages, ensuring progressive price increases before its highly anticipated launch. The token can skyrocket 1200% during presale and an astonishing 145,000% post-launch.

To maximize security and trust, Panshibi has undergone a full smart contract audit by Coinsult, and its liquidity pools will remain locked for 10 years, while team tokens will be locked for 2 years.

With 60% of its total supply allocated to presale buyers, early investors have a significant advantage in securing future gains.

Panshibi has already raised over $1.23 million and is planning listings on major CEXs. Unlike Chainlink, which focuses on utility, Panshibi blends community-driven growth, DeFi incentives, and memecoin virality.

As Chainlink faces selling pressure and tests key support levels, Panshibi continues to gain momentum with its presale. With plans to raise $10 million in just 60 days and listings on major exchanges, Panshibi can be the biggest Asia-inspired memecoin of 2025.

Early investors in SHIBI can also enjoy high-yield staking rewards of up to 1200% APY and exclusive VIP perks, making it a lucrative opportunity. With analysts predicting a massive surge, now is the time to buy Panshibi before prices skyrocket.

Get involved in the Panshibi presale here:

Telegram: https://t.me/panshibi

Twitter: https://x.com/panshibi_

Website: https://panshibi.com