Chainlink's Price Breakout Triggers Whale Activity Surge

Chainlink's price has broken a multi-month downtrend, and whale transactions have reached a five-month high. According to Santiment data, there were 246 separate Chainlink transactions exceeding $100,000 each in the last 24 hours.

This marks the highest daily whale count in five months, with whales holding 46.57% of the total supply. The recent surge has come with real balance growth, not just noise from transfers or exchange shuffling.

Chainlink's price touched a yearly low of $6.996 on June 6 and began rising from there. The next key level to watch for lies around $10.87, which marks the recent protected high that created the LINK bottom.