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.