The Largest Buying Wave of 14 Months in $12 Billion Altcoin: Whales are Turning to It - Coin Bulletin

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On-chain analysis platform Santiment announced that the highest whale activity in the past 14 months has occurred on the Chainlink (LINK) network.

1,659 transactions of over 100,000 dollars in LINK, the highest level since December 6, 2023. At the same time, 9,531 unique active LINK wallets reached the highest level of activity since December 11, 2024.

While the crypto market is generally experiencing a downturn, it is observed that LINK whales are aggressively buying at these levels. Buying from bottom levels by large investors is usually considered as a sign that the price has the potential to rise in the future.

Santiment notes that Chainlink may be one of the assets to watch as the altcoin market begins to recover. Although the price of LINK is still below the $20 level, the increasing interest from large investors indicates that there could be sudden price spikes.

LINK-4.13%
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