Chainlink (LINK) Surges 11% as Wallet Holders Hit All-Time High

Chainlink (LINK) is leading the latest crypto rally with an impressive 11% price jump in the past 24 hours, according to Santiment. This surge comes amid a broader market rebound driven by easing geopolitical tensions in the Middle East. LINK now stands as the top performer among the 15 largest cryptocurrencies by market capitalization.

Just a day ago, LINK was trading as low as $11.50. As of June 25, it has climbed to $13.34, marking an 8.13% gain on the day per CoinMarketCap. The oracle-focused token had been in a period of sideways movement, which had previously dampened investor confidence. However, this sudden breakout is reigniting bullish sentiment across the community.

Fueling the momentum is a historic increase in LINK wallet addresses. Data from Santiment shows that the number of Chainlink holders has reached an all-time high of 769,380. This surge in wallet growth suggests renewed interest in the project, particularly from retail and long-term investors.

Analysts believe that this uptick in holder activity could trigger a larger breakout if momentum continues. Interestingly, despite the recent surge, active LINK wallets from the past year are down 17%, implying a strategic shift toward long-term holding and offering potential value for new buyers.

With Chainlink’s rising adoption, increased whale activity, and growing investor base, the current breakout could mark the beginning of a longer-term uptrend for the decentralized oracle network. Investors and traders are closely watching to see if LINK can maintain its momentum and reclaim previous highs.