- Santiment has spotted a positive development in the Chainlink ecosystem.
- Chainlink’s social media engagement surged significantly in the past six months.
- Whales accumulated notable amounts of LINK since September 2024.
Crypto market intelligence platform Santiment recently spotted positive on-chain and social trends surrounding Chainlink (LINK).
In a recent post on X (formerly Twitter), the data analysis firm highlighted a surge in the oracle network’s “social capital,” citing increased discussion dominance for LINK across crypto social media platforms.
Related: Altcoin Whale Watch: Chainlink Leads Gains As XRP, Solana, and Dogecoin Show Mixed Signals
According to Santiment, Chainlink’s social capital surged following the project’s recent hosting of a private meetup with key US government leaders. The surge in social media presence summed up a two-week period that saw LINK, the Chainlink ecosystem native cryptocurrency, experience a 25% increase in market capitalization.
Santiment Data Shows Significant LINK Accumulation
In the meantime, Santiment highlighted how Chainlink’s growth is spreading across different aspects of the cryptocurrency project. For instance, the analysis platform showed that crypto wallets holding between 10,000 and 10,000,000 LINK experienced notable growth.
According to Santiment, wallets of this size now contain an all-time high of 438.33M coins, making up 43.8% of the coin’s entire supply.
By extending the review to cover the past six months, Santiment’s data show that Chainlink’s key stakeholders have added 8.3% more LINK tokens to their portfolios. The blockchain project’s social media engagement also surged significantly, reaching its highest point since October 2024. Meanwhile, LINK whales and sharks added about 26 million more tokens to their portfolios since September 2024.
LINK Price Action: Recent Surge Sparks Bullish Outlook?
These positive underlying trends contrast somewhat with LINK’s price action through parts of late 2024 and now in early 2025. The token experienced only a brief bullish period late last year before facing pressure along with the broader altcoin market. However, the recent accumulation data and social buzz, combined with a sharp price surge over the past two weeks, have prompted some analysts to reconsider LINK’s potential for a “bullish renaissance.”
Related: Chainlink (LINK) Price Prediction 2025-2030: Can LINK Reach New Highs in the Coming Years?
The price jumped 35% during this recent period, rallying from a local low near $11.84 to briefly touch $15.99, based on TradingView data. Some analysts now suggest the renewed government interest and high social engagement reflect returning bullish sentiment, which could form a base for LINK’s next potential rally phase.
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