Chainlink (LINK) has been making significant gains as on-chain data shows that shark and whale addresses have accumulated $10 million worth of LINK in just three days. The shark tier of Chainlink holders, possessing 10,000 to 100,000 $LINK tokens each, has been actively accumulating, with the highest count since December 2022.

Despite the current price surge, investors are not looking for any profit booking, and the exchange reserves for LINK have been dropping. The recent successful tokenization tests conducted by SWIFT in collaboration with Chainlink and other financial institutions have further increased whale interest in Chainlink, with the LINK price poised to regain the $10 level.