TLDR: Chainlink whale transactions above $100,000 reached a five-month high of 246. Wallets holding 100,000–10 million LINK control 46.57% of circulating supply. A higher-timeframe close abov
Chainlink (LINK) is trading at $8.75 as of writing, reflecting a 1.33 percent gain over the past 24 hours. The token has advanced 7.97 percent over the past week, with daily trading volume reaching $306,634,651.
Source: Coingecko
On-chain data now shows a sharp rise in whale transactions alongside notable technical developments on the price chart.
These combined signals have drawn attention from analysts tracking Chainlink’s next possible price direction. Market observers continue to monitor whale wallets and key resistance levels closely.
According to data shared by Santiment Intelligence, Chainlink whale activity has picked up sharply in recent days.
The platform recorded 246 separate transactions worth over $100,000 within a single 24-hour period. This marks the highest daily count of large transfers seen in five months.
Live Chart: https://t.co/5wlYZ9x9jz
Chainlink whale activity has seen a significant spike. The network saw 246 separate $100K+ LINK transactions in 24 hours, its highest daily level in 5 months.
This coincides with the fact that wallets holding 100K to 10M LINK now… pic.twitter.com/1EACyuTF1O
— Santiment Intelligence (@SantimentData) August 12, 2026
Santiment Intelligence also reported that wallets holding between 100,000 and 10 million LINK tokens now control a large share of supply.
These wallets hold 466.31 million coins combined, equal to 46.57 percent of total circulating supply. The figure points to concentrated holdings among mid-to-large investors.
Large wallet holders have historically shown a tendency to move in tandem with price trends. Santiment Intelligence described these wallets as a useful indicator for gauging future price direction.
Their recent activity suggests renewed interest from investors positioned for potential upside. Analysts often reference such wallet behavior when assessing near-term market sentiment.
Chainlink’s ecosystem has also continued to expand across multiple areas. The network has grown its presence in CCIP, tokenized assets, stablecoins, and institutional data services.
Official project metrics continue to describe Chainlink as core oracle infrastructure supporting on-chain finance.
Crypto analyst Crypto Patel shared a technical outlook on Chainlink (LINK) through a post on X. The analysis noted that LINK is currently trading inside what was described as a bullish order flow zone. This zone was identified as one of the stronger long-term accumulation areas on the chart.
$LINK Could Be Preparing For A Massive Move — Targets Up To $100#LINK is currently trading inside a Bullish Orderflow, which IMO is one of the strongest long-term accumulation zones on the chart.
A confirmed HTF close above $10.87 could trigger structural expansion toward:… pic.twitter.com/hVLS93RrZw
— Crypto Patel (@CryptoPatel) August 11, 2026
Per the analysis, a confirmed higher time frame close above $10.87 could trigger further upward movement.
Potential targets following such a breakout were listed at $25, $50, and $100. These levels represent possible price points tied to the outlined chart structure.
The same analysis also outlined an invalidation point for the current bullish setup. A higher time frame close below $4.761 was identified as the level that would invalidate the structure. This level serves as a reference point for tracking the validity of the outlook.
The analysis concluded that a close above $10.87 would shift Chainlink’s market structure toward a more bullish stance.
This price point was framed as a key marker separating the current range from potential expansion. Investors tracking both wallet activity and chart structure may find added context in these combined signals.
The post Chainlink Whale Activity Surges as LINK Eyes Breakout Above $10.87 appeared first on Blockonomi.
