Chainlink's LINK surges 5.41% as whale activity hits record highs
Chainlink (LINK) has seen a sharp rise in activity among large investors, according to data from CryptoQuant. The cryptocurrency's price has climbed steadily since 30 March, with another 5.41% gain in the last 24 hours, pushing it to $9 per token. This upward movement comes as significant transactions and wallet growth signal renewed interest in the asset. The latest surge in Chainlink's price marks its third consecutive day of gains. Analysts note that while broader markets have struggled, LINK has stood out with noticeable token movements. Two major transfers of 8,000 LINK each were recorded leaving Binance, ranking among the day's top 10 outflows from the exchange.
At the same time, the number of mid-to-large wallets holding at least 1,000 LINK tokens has reached a new peak. CryptoQuant reports that 25,420 such wallets now exist—the highest figure since 2026. The spike in whale activity and wallet accumulation suggests growing confidence in the token's performance. Despite the increased movement, specific details about the timing of wallet growth and its direct impact on price remain unclear. Data limitations mean the exact period of significant accumulation—and its correlation with LINK's price rise—cannot be pinpointed.
Chainlink's recent price rally and heightened whale transactions point to a shift in market sentiment. With the token now trading at $9 and large holders expanding their positions, the trend highlights LINK's resilience during broader downturns. Observers will likely watch whether this momentum continues in the coming days.
