Chainlink is back on the radar after fresh data from Santiment showed that wallets holding at least 100,000 LINK have climbed to a record 805. At today’s prices, each wallet holds close to $958,000 worth of LINK or more, making this one of the strongest whale accumulation signals Chainlink has seen in months.
What stands out is that these large holders kept adding even though the LINK price has been moving sideways for weeks. Over the past seven weeks alone, the number of 100K+ LINK wallets jumped 8.2%. That usually points to bigger players accumulating quietly before the market catches up.
What you'll learn 👉
Whales are Accumulating as Chainlink Expands Into Traditional Finance
The timing of this accumulation matters because Chainlink has been pushing deeper into institutional markets. On May 25, Chainlink officially launched its oracle services on AWS Marketplace, giving enterprise developers access to Data Feeds, Data Streams, and Proof of Reserve tools directly through Amazon’s cloud platform.
At the same time, Chainlink expanded CCIP and oracle infrastructure across several blockchain networks, including Neo X and Creditcoin. The network is trying to become the infrastructure layer connecting traditional finance with tokenized assets and cross-chain systems.
The LINK price has not fully reacted to those developments yet, but whale activity indicates larger investors are paying attention. Fidelity International also launched a tokenized fund using Chainlink for on-chain NAV reporting, and DTCC has been testing Chainlink technology for collateral management systems tied to tokenized finance.
These are real integrations involving major financial infrastructure, not simple partnership announcements. That is one reason many traders still view Chainlink as one of the strongest utility-focused projects in crypto.
The LINK Price Is Testing An Important Zone
We had a look at the LINK chart, and the broader structure still looks constructive despite the latest cooldown phase. At the beginning of the current month, the LINK rate rose from the $8 range and reached $11 until the selling wave emerged.
However, after that, the LINK rate fell within a correction. Nevertheless, its price dynamics have preserved higher lows so far, thus supporting the current uptrend.
The key resistance line comes at the SMA 100 around $9.92. LINK is currently trading under this level, so selling pressure remains strong in the short term. In order to rise towards $10.20, bulls need to break the SMA 100.
Support between $9.40 and $9.50 remains critical. If buyers continue defending that area, the correction may turn into a continuation setup instead of a deeper decline. A breakdown below support could send the LINK price toward the next demand zone near $8.90–$9.10.
Momentum indicators have also indicated that the market is slowing down because of the rapid rise at the beginning of May. RSI is falling back into the neutral region at 51, meaning the market is not hot anymore and is ready for another move.
Token Unlocks Are Still Part of The LINK Picture
Even with strong whale accumulation and institutional expansion, the LINK price still faces pressure from token unlocks. Earlier this year, Chainlink unlocked about 19 million LINK worth roughly $165 million as part of its scheduled release structure. That increases circulating supply and can slow rallies if buying demand weakens.
Institutional demand through LINK-related ETFs has helped offset some of that pressure. The new SPOT LINK ETFs that emerged in late 2025 have already attracted more than $111 million of investments into the market to ensure that the demand continues steadily.
At the moment, LINK is still in a struggle between good fundamentals and limited supply constraints. Whale accumulation, enterprise adoption, and expanding infrastructure use cases continue supporting the bigger picture. If LINK holds above the $9.40 support area and reclaims the SMA 100 near $9.92, traders will likely start watching the $10.80–$11 region again as the next major target.
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