On-chain indicators show that Chainlink (LINK) Whale activity has surged sharply—transactions over $100,000—reaching the highest level in seven months. A total of 4,624 large transactions were detected, indicating strong movements from major holders. Meanwhile, the number of active LINK Addresses has risen to 6,463, hitting an eight-month high, reflecting growing interest and participation.
In 48 hours, approximately 2 million LINK were withdrawn from the exchange, reducing selling pressure and indicating accumulation. As a result, the LINK price rose by 15%, reaching $27.21, compared to about $22.49 a week ago.
LINK market sentiment and key technical levels
This on-chain activity has boosted social sentiment, with bullish discussions about LINK significantly outnumbering bearish comments. Technical analysts believe that $24 is a key resistance level—