Chainlink (LINK) Continues to Stand Out in the Market
Chainlink (LINK), one of the altcoins favorite of whales, continues to stand out in the market. At this point, Chainlink gained around 20% in the past week before the general decline and is currently trading around $25.
This move for LINK occurred after breaking through the critical resistance zone between $20 and $21. This resistance zone had been rejected multiple times since the beginning of 2025. Analyzing this rise of Chainlink, Santiment stated that LINK continues to be a strong force in the altcoin world, rising above $26 for the first time in seven months.
At this point, Santiment said that on-chain data shows an increase in whale activity, known as large investors. According to the data, whale wallets have added over 1.1 million LINK addresses worth approximately $27 million in the last seven days, increasing their holdings by over 12% during the same period.
While Santiment highlights LINK’s impressive rise, whales are not sitting idle either. According to Lookonchain’s post, a giant whale, which has increased its LINK purchases in recent days, has made a new purchase from Binance. Accordingly, the whale with the address 0x4EBD purchased another 249,808 LINK worth $6 million, bringing its total purchase in the last 4 days to 1,293,757 LINK ($31.15 million).
https://x.com/lookonchain/status/1957673941864009816
*This is not investment advice.
