Chainlink (LINK) daily whale transactions hit a 5-month high this week after Standard Chartered set a $200 price target.
The forecast also triggered a modest rally in the LINK price
Yet data shows that, for now, conviction runs thin. Chainlink Whale Transactions Spike Around the Forecast Blockchain analytics firm Santiment logged 246 transactions above $100,000 in 24 hours, the highest daily count in five months. Wallets holding 100,000 to 10 million LINK now control 466.31 million coins.
The cohort accounts for 46.57% of the circulating supply. Santiment says the cohort’s balance has grown alongside the transaction count. “Chainlink has been expanding across CCIP, tokenized assets, stablecoins, institutional data, and new cross-chain lanes, while official metrics still frame the network as core oracle infrastructure for on-chain finance,” the firm said. The surge in activity came after Standard Chartered initiated coverage of LINK on Monday, forecasting it to reach a $200 by 2030.