On-chain data from Santiment shows whale transactions at their highest level in seven months, alongside profits not seen since late 2024.
Analyst Miles Deutscher attributes the rally to several converging factors.
Chief among them is Chainlink’s expanding role in connecting traditional finance with blockchain networks, highlighted by a recent deal with Intercontinental Exchange to bring foreign exchange and precious metals pricing on-chain.
Deutscher also points to the launch of the Chainlink Reserve program, which supports long-term holding, and the broader boom in tokenized real-world assets.
Chainlink currently dominates Ethereum’s data feed market, holding an estimated 84% share.
Heavy whale accumulation has added fuel to the momentum, and Deutscher believes LINK’s run may not be over. In his view, it has the potential to be one of the biggest movers of the current market cycle — a rally many traders might overlook until it’s well underway.
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