Chainlink LINK Whale Activity Hits 7-Month High: Bullish Signal or Distribution Warning?

Chainlink LINK News - Chainlink (LINK) is drawing intense scrutiny from the crypto market as whale activity reaches its highest level in seven months. On-chain analyst Ali Martinez has highlighted this trend, which is supported by Santiment data showing 4,624 whale transactions (transfers exceeding $100,000) and 6,463 active addresses—marking an eight-month peak. These metrics typically precede significant price movements as liquidity shifts between exchanges and long-term storage. LINK is currently trading around $25.40, having broken through key resistance levels amid increasing on-chain activity. Social sentiment has turned decisively bullish, with optimistic commentary outweighing bearish perspectives. However, whale movements alone don't guarantee sustained upward momentum—they could indicate either accumulation phases or potential distribution ahead.