 Chainlink was actively purchased by owners of large and successful cryptocurrency wallets in early December 2023. In terms of categories, CryptoFatCats demonstrated interest in purchasing DeFi and infrastructure altcoins. Link, the core native token of the largest decentralized oracles network Chainlink, is ranked in the top list of coins for buyers for the second week in a row, the DeFi Edge analysts added. In almost 24 hours, the price of Link surged from $14.32 to $16 and printed a 7% up surge. In the rapidly surging cryptocurrency landscape, it has been observed that institutional investors, along with top crypto whales, are showing strong interest. Following this cryptocurrency surge, recent data from Santamint, an on-chain analytic firm, has gathered everyone's attention as Chainlink, Link, whales have accumulated a significant amount of Link tokens in the last five weeks. Significant accumulation, Link tokens by top crypto whales, if we analyze the data closely, it is evident that the top 200 wallets have added over $50 million worth of Link in the last five weeks. Over the past five months, Chainlink's market cap has also surged significantly by 143% and it is up by 93% compared to Bitcoin. Additionally, Chainlink is outpacing other altcoins due to this staggering accumulation by these crypto whales. This consistent investment indicates a bullish trend and suggests growing confidence and interest in Chainlink among major players in the crypto market. Currently, Link is trading at $16 and in the last 24 hours, it has shown a significant 7% upside momentum. However, when considering the data on a longer time frame, it reveals that in the last 30 days, Link has shown a significant 44.9% upside momentum, surpassing the world's largest cryptocurrency Bitcoin as well as many other altcoins. Chainlink, Link, crypto price, shows strength over the charts above the key moving averages of the 50-day and 200-day EMA. The bulls are in control of the price trend and it follows an inclining trajectory. The technical indicators imply that RSI has reverted from an overbought region. Currently, RSI hovers in an optimistic zone indicating strength over the charts. The price hovers above the key EMAs which may act as a dynamic support for the price. Chainlink's market value has impressively grown by 143% in just 5 months. What's even more noteworthy is its outstanding performance compared to Bitcoin, indicating an impressive increase of 93%. This places Chainlink ahead of all other altcoins susceptible to whale accumulation. Delving deeper, this significant market movement could be associated with the transition from staking V0, one to V0, not two. According to the announcement, the staking V0. One pool became inactive on November 28, 2023 and no longer issues rewards or secures Chainlink services, Link holders participating in V0. One need to migrate their tokens to V0. Two according to the staking program, the V0. Two community pool is filled with 19,041,871 link tokens and has a limit of 40,875,000 link. Chainlink is a platform that connects smart contracts on blockchains with data and services from the real world. Smart contracts are agreements that execute automatically on blockchains, but they need reliable information from outside sources to work properly. It provides a network of decentralized oracles, which are nodes that can securely and reliably deliver data and perform computations for smart contracts. Chainlink can also enable cross-chain communication, allowing smart contracts to interact with other blockchains and assets. Chainlink sets the industry standard for decentralized computing, enabling over $8.8 trillion in transaction value. It offers financial institutions, startups and developers worldwide access to real world data, off-chain computation and secure cross-chain interoperability across any blockchain. Chainlink's platform supports verifiable applications and high integrity markets across various sectors, including banking, DeFi, global trade and gaming. The integration of Swell with Chainlink's CCIP marks a significant advancement in the realm of cross-chain interoperability and security within the DeFi ecosystem. The collaboration is poised to set new standards in blockchain technology, enhancing the security, reliability and scalability of cross-chain transactions. As Swell and Chainlink continue to work together, the broader blockchain community can expect a more interconnected, efficient and secure DeFi landscape. The recent surge has also led to a significant increase in Chainlink's total value-staked TVS. TVS had dropped below $13 billion last month. However, at the beginning of December, TVS surpassed $16, indicating its exclusive connection to staking and surpassing many DeFi protocols. Concerns were raised with the monthly closing in November, but subsequent whale activity suggests that Link's price has a clear upward path in the coming days. If whale activity continues and investors enter the market, Link has the potential to break the $20 resistance level within this year. Nevertheless, according to expert technical analysis, it has been observed that on the weekly timeframe, Link experiences strong resistance near $16.58. This marks the fourth consecutive week that Link has experienced this level. Earlier this week, Link made a reversal from this resistance level. Closing above $16.58 is a critical level. If Link breaches this level, we may see another significant price surge. As per the analysts, the most optimistic target that the Chainlink price may achieve is $29.25, indicating an upside potential of 85.3% from the CMP. The average analyst price target to be attained is $230.01 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $18.90. With partnerships, reserve funds, and an in-demand service, Link could reach $103.13 by 2025. However, if the market crashes, it could drop to $41.44. If smart contracts continue to process seamlessly, it could average $72.285.