2h ago

Chainlink whale transactions reach a 5-month high as LINK breaks multi-month downtrend

AI Market Summary

LINK is seeing a notable resurgence in large-holder activity: 246 whale transactions over $100k in 24 hours and wallets holding 100k–10M LINK controlling ~46.57% of supply, suggesting accumulation rather than exchange churn. This coincides with a break of a multi-month downtrend, increasing focus on nearby technical resistance levels. Standard Chartered’s tokenization thesis adds a supportive fundamental narrative.

Impact level

● Medium

Affected assets

LINK/USDT+1.07%

AI Insight · LINK/USDTAI Insight

▲ Bullish

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Chainlink (LINK) logged 246 whale transactions above $100,000 in the past 24 hours, the highest daily count in five months. Addresses holding between 100,000 and 10,000,000 LINK control 46.57% of total supply, as accumulation accelerates, according to Santiment. LINK has also broken a multi-month downtrend, with traders watching resistance at $10.87 and then the prior yearly high around $12.20.

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Market Analysis

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