Chainlink‘s native token, LINK, garners attention as large holders expand significantly. According to Santiment’s on-chain analytics, wallets with at least 100,000 LINK have grown in number, reaching 805. This marks an 8.2% increase in the past seven weeks, each holding at least $958,000 worth of LINK.
Increased Whale Holdings Observed
Amid these enlarging acquisitions, LINK’s market price remains relatively stable. Although it surged to $11 in early May, the token has since corrected, settling at around $9.56. Despite this, LINK maintains a positive trajectory with higher lows, yet faces critical resistance ahead.
On-chain insights from Santiment indicate that this focused whale accumulation points to sustained interest rather than a short-term price burst.
What’s Driving Institutional Adoption?
Linking an increased institutional embrace, Chainlink oracles recently debuted on the Amazon Web Services (AWS) Marketplace as of May 25. This integration permits seamless access to Chainlink services like data feeds and proof-of-reserves through AWS, broadening enterprise adoption capabilities.
Moreover, Chainlink’s multi-chain protocol went live, extending service to Neo X and Creditcoin networks. Further signaling seriousness in integration, Fidelity International started leveraging Chainlink for tracking on-chain net asset value, and DTCC piloted it for collateral management. These initiatives reflect tangible adoption within several sectors.
How’s The Technical Analysis Unfolding?
HazironMacro, a market observer, points out the divergence between LINK’s inherent value and market price. The price band of $9.40-$9.50 is being reinforced, indicating major accumulations by institutional players. This steady range may serve as a deliberate move to deter speculative investments.
- Wallets with 100,000 LINK reached 805, showcasing an 8.2% growth.
- LINK maintains support between $9.40 and $9.50, a potential launchpad for further gains.
- If support wavers, the next critical point lies between $8.90 and $9.10.
With the Relative Strength Index (RSI) at about 51, LINK’s momentum seems neutral. A breakthrough past the $9.92 moving barrier could open new targets like the $10.80-$11 range.
As of the close of 2025, LINK-focused investment funds saw over $111 million in inflows, which countered regular sell-offs due to token allocations. Moving into 2026, an additional 19 million tokens valued at approximately $165 million are anticipated to enter the market.
The rise in whale account activity, marked by an 8.2% increase, places emphasis on the $9.92 price level as a significant point of focus for stakeholders.
