Flow

Balance

Standard

Chainlink

Bank

<h3 id="h-key-insights" class="wp-block-heading"><strong>Key Insights:</strong></h3><ul class="wp-block-list"><li>Chainlink news shows whale activity hit a 5-month high, with 246 transactions worth over $100,000 recorded in 24 hours.</li><li>LINK whales now hold 46.57% of the total supply as accumulation accelerates.</li><li>Chainlink price has broken a multi-month downtrend, with traders eyeing $10.87 and potentially $12.20 next.</li></ul><p class="wp-block-paragraph">Latest Chainlink news shows whales are picking up large amounts of LINK again. Santiment data reveals that Chainlink recorded 246 separate LINK transactions exceeding $100,000 each in the last 24 hours. That marks the highest daily whale count in five months.</p><p class="wp-block-paragraph">Meanwhile, Chainlink price surged on the day to break a multi-month downtrend. <a href="https://www.thecoinrepublic.com/2026/08/01/chainlink-price-eyes-10-as-link-reserve-grows-and-whale-buying-continues/" rel="noopener noreferrer nofollow">LINK price prediction</a> now sets targets at the previous yearly high around $12.20. Is the recent breakout enough to push Chainlink to those levels?</p><h2 id="h-chainlink-news-whale-transactions-smash-a-5-month-high" class="wp-block-heading"><strong>Chainlink News: Whale Transactions Smash a 5-Month High</strong></h2><p class="wp-block-paragraph">Data from Santiment analytics shows wallets holding between 100,000 and 10,000,000 LINK now control 466.31 million coins. That equals 46.57% of the total supply. This whale surge has come with real balance growth, not just noise from transfers or exchange shuffling.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="974" height="549" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/08/image-155.png" alt="Chainlink Exchange Flow Balance | Source: Santiment" class="wp-image-2446594"><figcaption class="wp-element-caption"> Chainlink Exchange Flow Balance | Source: Santiment </figcaption></figure></div><p class="wp-block-paragraph">These LINK key stakeholders have historically moved relatively close to price, making them a healthy key alpha indicator.</p><p class="wp-block-paragraph">The move happened just as LINK price broke a multi-month downtrend and now trades at $8.804. These LINK whales have historically moved close to price action, and could be a solid alpha signal according to Santiment.</p><h2 id="h-standard-chartered-call-meets-the-accumulation-wave" class="wp-block-heading"><strong>Standard Chartered Call Meets the Accumulation Wave</strong></h2><p class="wp-block-paragraph">In other Chainlink news, Standard Chartered Bank has shared its <a href="https://www.thecoinrepublic.com/2026/08/10/standard-chartered-predicts-chainlink-price-could-reach-200-by-2030/" rel="noopener noreferrer nofollow">price projection for LINK</a>. It is a staggering $200 by 2030. That would be a 2,300% increase from the current price.</p><p class="wp-block-paragraph">The bank has framed Chainlink as core infrastructure for the $4 trillion tokenization wave it expects by 2028. The timing is calculated, and LINK whales are likely responding to this fundamental news by loading size into that narrative.</p><div class="wp-block-image"><figure class="aligncenter size-large"><img width="885" height="1024" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/08/image-154-885x1024.png" alt="Chainlink (LINK) Price Forecast | Source: Zack Rynes, X" class="wp-image-2446585"><figcaption class="wp-element-caption"> Chainlink (LINK) Price Forecast | Source: Zack Rynes, X </figcaption></figure></div><p class="wp-block-paragraph">Chainlink is pushing forward on CCIP, tokenized assets, stablecoins, institutional data feeds, and new cross-chain lanes. The network keeps building the rails, and the big wallets keep accumulating.</p><p class="wp-block-paragraph">As of August 2026, Chainlink has already facilitated over $33 trillion in transaction value enabled, according to <a href="https://metrics.chain.link/" rel="noopener noreferrer nofollow">data</a> from Chainlink Metrics.</p><p class="wp-block-paragraph">The protocol also secures more than $48 billion in total value secured, according to recent network metrics.</p><div class="wp-block-image"><figure class="aligncenter size-full"><img width="975" height="702" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/08/image-153.png" alt="Chainlink Network Metrics | Source: Chainlink" class="wp-image-2446576"><figcaption class="wp-element-caption"> Chainlink Network Metrics | Source: Chainlink </figcaption></figure></div><p class="wp-block-paragraph">Official numbers still position the network as the main oracle layer for on-chain finance. The recent 246 large transactions arrived against that backdrop of real usage growth.</p><h2 id="h-chainlink-breaks-multi-month-downtrend" class="wp-block-heading"><strong>Chainlink Breaks Multi-Month Downtrend</strong></h2><p class="wp-block-paragraph">The LINKUSDT price chart shows an interesting structure, which likely added fuel to the fire following the whale buy-ins. LINK price broke a multi-month downtrend on 11 August, setting it up for a potential 23% extended rally.</p><p class="wp-block-paragraph">Chainlink opened 2026 at $12.20 and has been trading below it for the past seven months. After forming lower lows and lower highs for seven months straight on the daily, LINK just broke that pattern. LINK price touched a yearly low of $6.996 on 6 June and began rising from there.</p><div class="wp-block-image"><figure class="aligncenter size-large"><img width="1024" height="611" src="https://www.thecoinrepublic.com/wp-content/uploads/2026/08/image-152-1024x611.png" alt="LINK Price Action | Source: TradingView" class="wp-image-2446567"><figcaption class="wp-element-caption"> LINK Price Action | Source: TradingView </figcaption></figure></div><p class="wp-block-paragraph">The next key level to watch for lies around $10.87. This price level marks the recent protected high that created the LINK bottom. Bulls will be looking to take it out to confirm the change in structure.</p><p class="wp-block-paragraph">Should they succeed, Chainlink will likely rally higher to retest the yearly high ($12.20) before either retracing or breaking out.</p><p class="wp-block-paragraph">With whales holding almost half of all the LINK supply in existence, supply scarcity is about to be real. With the demand for LINK and Chainlink services at an all-time high, it puts pressure on LINK’s price to catch up.</p><p class="wp-block-paragraph">Taking a step back, the <a href="https://www.thecoinrepublic.com/2026/07/26/link-whale-buys-1-58m-tokens-as-chainlink-price-targets-recovery/" rel="noopener noreferrer nofollow">LINK whale accumulation</a> looks like a coordinated effort to hoard what could be the fuel behind the fourth industrial revolution.</p><p class="wp-block-paragraph">With Chainlink already securing $33 trillion in transaction value, the underlying asset (LINK) seems to be severely undervalued. However, the coming days and weeks will confirm whether the bottom is in or this rally was a fluke.</p><p>The post <a href="https://www.thecoinrepublic.com/2026/08/12/chainlink-news-whale-transactions-hit-a-5-month-high-amid-price-breakout/" rel="noopener noreferrer nofollow">Chainlink News: Whale Transactions Hit A 5-Month High amid Price Breakout</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Chainlink News: Whale Transactions Hit A 5-Month High amid Price Breakout

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