Is Chainlink’s Soaring Price to $12.50 Linked to a Record Number of Wallets Holding 1,000 LINK?

Chainlink (LINK) has seen a notable surge this weekend in both its token price and number of holders. According to market intelligence platform Santiment, LINK has jumped above $12.50 for the first time since April 2022.

Source: Santiment – Start using it today

In addition, the number of wallets holding at least 1,000 LINK tokens, currently valued at over $12,000, has reached an all-time high of 27,152. This signals growing interest in the project as more users accumulate the minimum needed to run a Chainlink node.

Chainlink operates as a decentralized oracle network that provides external data to blockchains. Its native LINK token powers the ecosystem and incentives. Chainlink’s oracles allow smart contracts on networks like Ethereum to access real-world data like weather or sports scores.

The recent price milestone for LINK comes as the broader crypto market shows potential signs of recovery after a punishing bear market. 

Chainlink’s previous all-time high for price and holder count occurred in May 2021, during the tail end of the massive crypto bull run last cycle.

Read also:

Chainlink’s impressive rally to over $12.50 coinciding with an all-time high of 27,152 wallets holding at least 1,000 LINK may not be a coincidence. The sudden influx of addresses with sizable LINK positions likely reflects a surge of interest in running Chainlink nodes.

As more nodes come online, demand for the tokens increases, potentially catalyzing the price breakout. While not definitive, the timing suggests Chainlink’s rising adoption and real-world usage is fueling this uptrend. The need for trusted oracles across DeFi and crypto is growing, and Chainlink remains a leader in the space.

We recommend eToro

74% of retail CFD accounts lose money.
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy thetrades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency