Chainlink Active Addresses Crash 66% – Will LINK Price Hold $10?

Published: 16 April 2025 at 11:10 AM EST By Pahan T

Chainlink Active Addresses in Freefall: 66% User Exodus as Whales Bail

Let’s talk about the Chainlink active addresses crisis – because that’s exactly what this is. The network has watched its daily users evaporate from 9,400 to just 3,200 since February, a terrifying 66% hemorrhage that’s sending shockwaves through the LINK market.

This isn’t just about numbers on a chart. When Chainlink active addresses collapse this dramatically, it means real people and projects are walking away. And they’re not leaving alone – the whales (those holding 10M-100M LINK) have been quietly unloading 1.88% of the total supply. That might sound small, but when these players control 46.04% of all LINK, every sell order hits like a sledgehammer.

Here’s what keeps traders up at night:

• The RSI’s stuck in no-man’s land at 43 – not oversold enough to bounce, not strong enough to recover
• That $10 support level? It’s starting to look like tissue paper
• The only hope is a sketchy falling wedge pattern that needs serious volume to matter

Key Takeaways:

✔ Chainlink active addresses drop from 9,400 to 3,200 (Feb-Apr 2025) – 66% decline
✔ Whales dump 1.88% of holdings (10M–100M LINK wallets) – 46.04% supply dominance
✔ RSI at 43.00 signals bearish momentum – $10 breakdown risk intensifies
✔ Falling wedge pattern suggests potential reversal – Breakout target: $15.17 (+24%)

Chainlink Active Addresses: A 66% Freefall in 2 Months

Data from CryptoQuant reveals a sharp decline in Chainlink active addresses, a key metric tracking unique wallets transacting on the network.

Why This Matters:

• Active addresses correlate with price – Fewer users = weaker demand.
• Decline suggests fading adoption – Oracle network usage drops.
• Whales control 46% of supply – Their selling worsens downtrend.

Whale Exodus: 1.88% Supply Dumped Since February

Santiment data confirms large holders (10M–100M LINK) sold 1.88% of their supply since February.

Whale Selling Impact:

• Increased market supply → Lower prices.
• Panic selling risk if $10 breaks.
• 46.04% dominance means whales dictate trends.

Technical Analysis: Can LINK Hold $10?

Bearish Signals:

• RSI at 43.00 (Neutral-bearish)
• Lower highs since December ($30.86 → $12.15)
• Critical support at $10.00 – Breakdown could trigger $8.10 retest (Aug 2024 low).

Bullish Hope: Falling Wedge Pattern

A falling wedge on the daily chart hints at a potential reversal.

Breakout Scenario:

• Target: $15.17 (+24%) if resistance breaks.
• Volume must spike for confirmation.

Real-Time Data (April 16, 2025)

FAQs: Chainlink Active Addresses & Price Outlook

1. Why are Chainlink active addresses dropping?

Declining usage, whale selling, and bearish sentiment reduce transactions.

2. How do whales affect LINK’s price?

Whales hold 46% of supply – their selling increases market pressure.

3. Will LINK recover to $30?

Unlikely short-term. Weak fundamentals and RSI trends suggest more downside.

4. What’s the next key level for LINK?

• Break below $10 → $8.10 next.
• Break above $15.17 → Reversal possible.

Also Read | https://cryptonewsrank.com/vector-solana-memecoin-trading-platform-2025/

Conclusion: Will LINK Crash Below $10?

Here’s the cold reality – Chainlink active addresses have absolutely cratered, dropping 66% while the whales jumped ship. That 10supporteveryone′swatching?It′snotjusttechnical−it′spsychological.Breakthat,and10supporteveryone′swatching?It′snotjusttechnical−it′spsychological.Breakthat,and8 comes faster than you can say “oracle network.”

The numbers don’t lie:
• Chainlink active addresses at 3,200 (from 9,400)
• Whales dumped 1.88% of supply
• RSI stuck in no-man’s land at 43

Yes, there’s a potential falling wedge play that could bounce us to $15. But when both your users and big money leave simultaneously, that’s not a “buying opportunity” – that’s a red flag parade.

The next 48 hours are critical. Either we find buyers at $10 fast, or we’re about to see how quickly “market leader” becomes “afterthought” in crypto. Either way, with Chainlink active addresses at these levels, anyone buying here better have steel nerves.

Traders must watch:

• Whale wallet movements
• RSI trends
• $10 support hold or break

Final Verdict: High risk of $10 breakdown unless bulls defend the level fiercely.