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Chainlink (LINK) Network Activity Surges to 8-Month High as Whale Transactions Spike
Chainlink (LINK) Network Activity Surges to 8-Month High as Whale Transactions Spike
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Chainlink LINK News -
Chainlink (LINK) has surpassed the $24 price level, driven by a 45% weekly rally and strong on-chain activity. According to Santiment data, the network recorded 6,463 active addresses—the highest since February—alongside 4,624 whale transactions exceeding $100,000, indicating growing institutional interest.
Social sentiment reflects bullish momentum, with a 3.3:1 ratio of positive to negative commentary. Analysts note the withdrawal of 2 million LINK tokens from exchanges, potentially reducing sell-side pressure. Traders are now targeting further upside, even as LINK remains 50% below its 2021 all-time high.
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