Large holders of Chainlink (LINK), known as “whales,” have aggressively increased their holdings, purchasing over 6.2 million LINK in the past week. These major players, who hold between 10,000 and 1,000,000 LINK coins, have invested approximately $76.88 million. The acquisitions highlight a bullish stance among the biggest stakeholders in the Chainlink ecosystem.

The recent accumulation corresponds with noticeable fluctuations in LINK’s market price, as indicated by the latest trading data. The spike in trading volume and the substantial upward movement in the whales’ collective holdings suggest a coordinated strategy to leverage or influence market dynamics favorably. Analysts are closely monitoring these developments, as the actions of large-scale holders can often precede significant market shifts.