Chainlink (LINK) experienced a significant rally, briefly exceeding $24, a level not seen since early February. This price surge was accompanied by a notable increase in whale transactions, indicating strong interest from large holders. According to on-chain data, whale transactions surged to an average of 713 per day during the 5-day rally. This heightened activity suggests whales were actively accumulating LINK, potentially contributing to the price appreciation. Further supporting the bullish trend, exchange balances of LINK decreased by approximately 10%. This decrease implies that more LINK tokens are being moved off exchanges and into private wallets, reducing the available supply and potentially driving prices higher. The combined effect of increased whale activity and decreased exchange supply paints a positive picture for Chainlink's short-term outlook. ```