Chainlink whale activity hits five-month high as holders watch for breakout

Santiment flashed green lights for Chainlink holders looking for bullish signals as the firm’s on-chain analytics tracking picked up a surge in whale activity over the last 24 hours, which it historically linked to price runs. 

According to Santiment’s August 12 report, 246 separate LINK transfers worth at least $100,000 were processed on the Chainlink network, rounding out the most stacked day for large transactions in five months.

LINK was trading at $8.80 as of this Cryptopolitan report, up 1.69% on the day and in line with a year of flat price action. 

Standard Chartered is bullish as money moves on Chainlink 

As Santiment interpreted the signal, transfers in the 100,000 to 10 million LINK range ($880,000 to $8.8 million) mean that serious money is moving on the network. Santiment did not specify where it was moving from or where it landed. 

However, the signal turns bullish when parsed with LINK breaking above a descending trendline with its 5% climb on August 11 toward the $9 mark. 

Standard Chartered sees a much longer runway for the token. Its August 10 analysis set a $200 target for Chainlink by the end of 2030, with near-term targets of $13 in 2026 and $41 in 2027. 

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