Chainlink Network Activity Surges, Whale Transactions Hit Record Highs

$24 Is Not the Ceiling

According to the latest data from analytics firm Santiment, the number of active LINK addresses has reached 6,463 — the highest level in eight months. At the same time, whale transactions worth over $100,000 have hit 4,624, marking a seven-month high.

Market sentiment is also leaning heavily toward the upside. Santiment reports that positive comments about LINK outnumber negative ones by 3.3 to 1 — the most bullish ratio in four months. This suggests that the “Chainlink marines” community is showing its strongest enthusiasm since February 1, coinciding with LINK’s rise to become the 11th-largest cryptocurrency by market capitalization.

Adding to the bullish signals, analyst Ali Martinez revealed that around 2 million LINK tokens have been withdrawn from exchanges in the past 48 hours. Large-scale withdrawals of this kind often indicate that investors are moving assets into long-term storage, reducing immediate selling pressure on the market.

Although LINK is still trading more than 50% below its all-time high from May 2021, many experts believe the token still has significant growth potential. Trader “Johnny” stated that LINK is “ready for round two,” while analyst Miles Deutscher called it “the most obvious large-cap play” for this market cycle.

Bridging Wall Street and Blockchain

On the technical front, Chainlink has launched a new product called Data Streams for U.S. equities and ETFs, aiming to bridge traditional finance (TradFi) and decentralized finance (DeFi) by enabling the tokenization of stocks and ETFs on-chain.

This feature delivers real-time price data for major assets such as CRCL, QQQ, NVDA, and MSFT across 37 blockchain networks, giving developers access to live, contextual market data for use in tokenized stock trading, perpetual futures, and synthetic ETFs.