**Summary:**
Chainlink (LINK) has seen a surge in price over the past three weeks, surpassing $20 for the first time since February 2022. This surge has propelled Chainlink to overtake Dogecoin in terms of market capitalization. On-chain data has revealed significant whale accumulation, with one whale accumulating $83.6 million worth of LINK in the past five days. The surge in price and market cap appears to be driven by whales and investors accumulating the token.

**Chainlink Takes Over Dogecoin In Key Metric As Mysterious Whale Pushes LINK Upwards**
Chainlink (LINK) has experienced a remarkable surge in price over the past three weeks, surpassing $20 for the first time since February 2022. This surge has propelled Chainlink to overtake Dogecoin in market capitalization.

Amidst the price surge, on-chain data has revealed consistent whale accumulation. One whale has accumulated $83.6 million worth of LINK in the past five days, contributing to its overtaking of Dogecoin in the market cap rankings.

The surge in price and market cap has been driven by whales and investors accumulating the token. According to data from IntoTheBlock, LINK whale transactions greater than $100,000 totaled more than $1.29 billion in the past seven days. Additionally, total exchange outflows have outweighed inflows, indicating strong holding sentiment from LINK traders. One whale has been observed accumulating massive amounts of LINK from crypto exchange Binance, withdrawing 4,556,684 LINK ($83.6 million) in the past five days and placing them in 55 new wallets.

**What’s Next For LINK?**
At the time of writing, Chainlink is trading at $20.21, marking a 9% increase in the past seven days and a 36.13% increase in the past 30 days. While the price surge seems to be slowing down, Chainlink has corrected 2% from a yearly high of $20.63 in the past 24 hours.

The broader crypto market has been catching up in gains, with most cryptocurrencies witnessing inflows led by Bitcoin last week. Dogecoin has also experienced a price spike, currently trading at $0.08046. LINK’s market cap currently stands above DOGE by $390 million. Increased LINK accumulation by traders could continue to widen the gap between the two assets.

**FAQ:**
1. What has driven the surge in Chainlink’s price and market cap?
– The surge in price and market cap has been driven by whales and investors accumulating the token, as evidenced by significant whale transactions and total exchange outflows outweighing inflows.

2. How much LINK has a particular whale accumulated in the past five days?
– One whale has accumulated $83.6 million worth of LINK in the past five days, contributing to its surge in market capitalization.

3. How does Chainlink’s current market cap compare to Dogecoin’s?
– At the time of writing, LINK’s market cap is $11.85 billion compared to DOGE’s $11.46 billion, signaling Chainlink’s overtaking of Dogecoin in the market cap rankings.