Chainlink (LINK) experienced a sharp 11% jump in price, pushing it past $13.30, as new data points to the possibility of a renewed accumulation phase. Blockchain analytics firm Santiment reported that over the last month, the number of non-empty LINK wallets increased by 7,903—a 1.05% rise—bringing the total to an all-time high of 769,380 holders.
Although the price trend is positive, a notable on-chain pattern adds further interest: active LINK wallets over the past year have decreased by 17.3%. Analysts interpret this drop as a reduction in short-term speculation, creating a more stable environment for long-term investors. Historically, such trends have preceded strong upward price movements.
“LINK’s MVRV (Market Value to Realized Value) ratio still remains far from overheated territory, which could indicate a favorable buying zone,” Santiment’s report notes.
Could LINK Lead the Next Altcoin Breakout?
With the possibility of a summer altseason on the horizon, Chainlink is emerging as a quiet but strong contender. The combination of an expanding base of long-term holders and waning short-term trading activity suggests that LINK is being steadily accumulated, not pumped through hype.
This pattern—growing network strength coupled with subdued trading—has previously marked the beginning of significant price rallies. As market focus gradually shifts from Bitcoin to more utility-driven altcoins, Chainlink could become a standout performer in the next wave of capital inflows.
June 2025, Cryptoniteuae
