Chainlink Whales Keep Stacking LINK as Network Activity Soars to 3-Month Highs: Data

Chainlink (LINK) surged more than 43 over the past month, charting a multi-month peak.

Amid a broader market rebound, LINK demonstrated remarkable strength. It stood out as a notable performer among the top altcoins, leading an explosive rally beyond a level seen over a year ago.

Chainlink Whales on Accumulation Spree

In early September, Chainlink established a bottom and ignited a substantial rally, which is currently in progress. There were indications of significant accumulation by large investors prior to this uptrend. Interestingly, even as this rally extends, these investors continue to acquire LINK tokens.

According to Santiment’s latest analysis, Chainlink whales have continued to stack LINK to their holdings. The network reached its highest levels in whale transactions, unique interacting addresses, and trading volume in the past three months.