LINK Token Surges 15% as Whale Activity and Trendline Break Drive $16.67B Market Cap

Chainlink (LINKUSDT) has experienced a notable 15.03% price increase over the past 24 hours, rising from 21.69 to 24.95, with trading volume reaching approximately 4.51 million LINK. The price surge is primarily attributed to heightened whale activity, including a large withdrawal of 327,465 LINK from Binance, increased institutional interest, and positive technical indicators such as LINK testing a four-year trendline and forming a potential double-bottom pattern. These developments have driven strong buying interest and elevated market enthusiasm, reflected in a 63.30% rise in trading volume and a market capitalization exceeding $16.67 billion. Chainlink’s recent performance has outpaced the broader cryptocurrency market, with active addresses and investor sentiment reaching multi-month highs.