Altai the Tiger
IGNITION
streamoors
Sword Inu
NEAR Protocol
Injective
Quantus
Key Insights
- Glassnode data showed 65M LINK held around the $14.6 level
- The $16 cluster reflects active buying during recent corrections
- LINK’s Base blockchain launch boosts utility and liquidity
Chainlink price cost basis distribution reveals substantial accumulation at $14.6 and $16. Long-term holders have demonstrated resilience through various market fluctuations. Meanwhile, Base’s launch of LINK adds fresh utility and momentum.
Two Main Chainlink Price Clusters Identified
Glassnode’s cost basis distribution shows two main LINK supply clusters. The first is at $14.60 and holds about 65 million LINK tokens. The second one is $16.00 and costs around 20 million LINK. These levels have been active over several months.
Furthermore, both clusters are associated with holders who have been active from August to October 2024, per Glassnode. Not only have these long-term participants held through market volatility. However, they have also kept adding to their positions in early 2025.
This indicated that these levels can support pullbacks and resistance in price increases, depending on market conditions.
Recent price movements supported this view. When Chainlink price dropped below $14.60 earlier this month, it quickly rebounded. This sharp recovery was highlighted in the March 2025 heatmap.
In days, the LINK price, the black line, went from below $14 to above $16, indicating strong buying interest at lower prices.
$16 Cluster Shows Active Repositioning
Meanwhile, there have been repeated accumulation events around $16. Investors were added during the December 2024 drop when Chainlink price dropped from $29 to $19. In the February 2025 correction, around $18 was added again, and they kept buying on the March 11 dip.
This is a very high-conviction behavior. The chart highlighted a heatmap with dense yellow and red areas between $14 and $16 from December to March. This signified a higher on-chain supply of LINK tokens at those price levels.
These patterns indicate that accumulation is steady and holders prepare for future growth. Even during temporary sell-offs, the clustering above the $14.60 level remains intact.
This implied that Chainlink price may drop again. If this happens, the base that formed around that level could still be a stabilizing zone.
$14.60 Level Linked to Strategic, Long-Term Buys
Moreover, the $14.60 cluster seems related to slower but more carefully timed additions. In December 2024, investors purchased assets at $17 and $28.
In January 2025, they bought more at approximately $25. On March 15, they added additional investments after a LINK price rebound from $12.
This is a different approach from the short-term traders. These holders take action during larger corrections and times of uncertainty.
The volume at this level is notably higher, reflecting increased activity. A Chainlink price reaction around $14.60 highlighted strong support due to accumulated buying interest.
Additionally, the red and orange bars on the heatmap indicate that the highest density of token holdings is around this level. This area is consistently returned to or respected by price movement over time.
New Support from Aerodrome Integration
Recently, LINK has been launched on the Base blockchain through Aerodrome, a decentralized exchange platform. LINK is now paired with WETH and can be swapped and added to liquidity.
This integration expands Chainlink’s presence in the Base ecosystem and introduces new use cases for the token. LINK is expanding its utility and presence across various platforms.
This growth attracts strategic holders who rely on the network for decentralized data feeds and smart contracts. This also brings in more liquidity options. It could help maintain Chainlink price stability around key cost basis zones like $14.60 and $16.
Disclaimer
This article is for informational purposes only. Crypto investment involves inherent risks due to the volatility in price. Readers should conduct their research before making any investment decision. Also, you can consult a crypto expert before investing in cryptocurrencies.
