Chainlink (LINK) Surges 15% to 3-Month High Amid Accumulation

Chainlink (LINK) has climbed 15.27% over the past week, reaching an intraday peak of $10.6, its highest price in over three months. At press time, LINK traded at $10.48, up 6.38% in the last 24 hours, according to BeInCrypto. The rally is attributed to shrinking exchange reserves and increased social media chatter. Santiment reports that approximately 13.5 million LINK, or 10.5% of exchange-held coins, have been withdrawn in the past five weeks, indicating accumulation. Whale wallets have also increased their holdings by 23 million LINK, further supporting the trend.