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Chainlink Whale Activity Hits 5-Month High as Large Holders Increase LINK Balances

Published by
Qadir AK

Chainlink whale activity has jumped, with 246 transactions worth more than $100,000 in LINK recorded in 24 hours, the highest daily level in five months. Wallets holding between 100,000 and 10 million LINK now control about 466.31 million LINK, or 46.57% of the total supply. The rise in both large transactions and whale holdings points to increased activity among major LINK holders. The move comes as Chainlink continues expanding its CCIP, tokenized asset, stablecoin and institutional data services. The higher whale activity could provide an important signal for LINK price direction as large holders become more active.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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