Chainlink (LINK) Price: Whale Activity Explodes to 5-Month High - What’s Next?

TLDR

• Chainlink price rose 4% to $8.74, with weekly gains of around 7%
• Whale transactions hit a 5-month high, with 246 transfers over $100,000 in 24 hours
• Large holders now control 46.57% of LINK’s total supply
• LINK broke a multi-month downtrend on August 11, with targets at $10.87 and $12.20
• Derivatives trading volume jumped 52% to $524.77 million, open interest up 13%

Chainlink (LINK) is getting attention again after a burst of whale activity and a price breakout that traders have been waiting on for months.

LINK rose 4% to trade around $8.74, extending its weekly gain to roughly 7%. That puts it among the better performers in the current market.

The price is holding above the $8 support level, which keeps the short-term picture positive.

Whale Activity Surges

Data from Santiment shows that Chainlink recorded 246 separate transactions exceeding $100,000 in a single 24-hour period. That is the highest daily whale count in five months.

🔗 Live Chart: https://t.co/5wlYZ9x9jz

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