Chainlink Whale Activity Surges as LINK Eyes Breakout Above $10.87

Chainlink's (LINK) whale activity has surged to its highest level in five months. The token is currently trading at $8.75, having gained 1.33% over the past 24 hours and 7.97% over the past week.

The surge in whale transactions is a significant signal of growing accumulation among investors. According to data from Santiment Intelligence, there were 246 separate transactions worth over $100,000 within a single 24-hour period. This marks the highest daily count of large transfers seen in five months.

Wallets holding between 100,000 and 10 million LINK tokens now control a substantial share of supply, with these wallets holding 46.57% of circulating supply. Historically, large wallet holders have shown a tendency to move in tandem with price trends.

Crypto analyst Crypto Patel has shared his technical outlook on Chainlink (LINK), noting that the token is currently trading inside what was described as a bullish order flow zone. This zone was identified as one of the stronger long-term accumulation areas on the chart.