Data from Santiment supports this trend, highlighting a consistent rise in the total number of Chainlink (LINK) holders since the beginning of 2024, despite a notable decline in mid-May. The number of holders swiftly rebounded and continued to grow, reaching around 721,000 by June 4, 2024. At the same time, transaction volumes have experienced substantial surges, indicating heightened trading activity during times of price fluctuations.