Chainlink Whale Addresses Hit Record High Amid LINK Accumulation

TLDR

• Chainlink whale wallets holding over 100,000 LINK reached a new all-time high.
• Santiment reported that large LINK holder wallets increased by 8.2% in seven weeks.
• The number of Chainlink whale wallets climbed to 805 despite sideways market trading.
• Bitcoin whales sold nearly 18,447 BTC worth around $1.41 billion during May.
• Analysts continue monitoring whale activity for signs of future crypto market direction.

On-chain data from the blockchain analytics platform Santiment shows that large Chainlink holders have continued to increase their positions in recent weeks. The data indicates that wallets holding at least 100,000 LINK tokens have reached a new all-time high.

Santiment tracked the movement through its “Supply Distribution” metric, which measures the number of wallets within a selected holding range. In this case, the focus remained on addresses holding 100,000 or more LINK. At current market prices, that amount is valued at roughly $957,000.

The analytics firm reported that the number of whale-sized wallets increased by 8.2% during the past seven weeks. The count of addresses holding at least 100,000 LINK has now climbed to 805 wallets, setting a new record for the network.

Santiment said, “Key stakeholders are showing bullishness toward the #16 market cap in crypto.” The firm added that large holders continued to accumulate despite LINK trading within a relatively narrow range over the same period.

Large Investors Continue Accumulation During Sideways Trading

The accumulation trend appeared while LINK price action remained mostly stable. Market observers often monitor whale activity because large holders can influence liquidity and trading conditions across crypto markets.

The steady increase in whale wallets may suggest that institutional investors and high-net-worth traders continue to monitor the network closely. Large wallet growth can also point to long-term positioning instead of short-term trading activity.

Chainlink has remained one of the leading blockchain oracle projects in the digital asset market. The network provides external data services that support decentralized finance applications and smart contracts across several blockchain ecosystems.

Despite recent market volatility across the broader crypto sector, LINK whale accumulation continued at a steady pace. The growth in large wallets arrived without a major price breakout, which has drawn attention from traders watching on-chain movements.

Bitcoin Whales Move in the Opposite Direction

While Chainlink whales increased their holdings, on-chain data showed a different trend for Bitcoin. Crypto analyst Ali Martinez shared data indicating that Bitcoin whales reduced their exposure during part of May.

According to Martinez, wallets belonging to large Bitcoin holders sold around 18,447 BTC between May 18 and May 21. Based on Bitcoin prices during that period, the transactions were worth about $1.41 billion.

The selling activity suggested that some Bitcoin whales locked in profits after recent market movements. In contrast, LINK whale wallets continued to rise during the same timeframe.

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