Chainlink (LINK) Surges 11% as Wallet Holdings Reach All-Time High

Chainlink's native token LINK has emerged as the top performer in the latest crypto market rebound, rallying 11% in the past 24 hours. The oracle network's token now trades at $13.34, marking a strong recovery from yesterday's low of $11.50.

Santiment data shows a historic milestone for chainlink adoption, with active wallet addresses hitting a record 769,380. While active wallets have declined 17% year-over-year, analysts view this as a strategic shift toward long-term holding rather than weakening fundamentals.

The price surge aligns with easing geopolitical tensions that have lifted crypto markets broadly. Chainlink's breakout from recent consolidation has reignited bullish sentiment, particularly among retail investors. Market watchers note that rising adoption metrics combined with increased whale activity could signal the start of a sustained upward trend.