The number of large holders of Chainlink’s native token LINK has increased notably over the past year, indicating a change in accumulation patterns despite the uncertainty in the markets. It is evident from the data that the number of wallets with 1 million LINK tokens or more has been increasing continuously.
As of April 2, 2025, there were 100 wallets containing at least 1 million LINK coins. In the following year, on April 2, 2026, the number of such wallets increased to 125, indicating an impressive 25% year-over-year rise.
Such a development reflects a trend of gradual accumulation by larger investors, known as “whales,” whose considerable financial resources usually play a decisive role in market movements.
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It is happening amid a time when the crypto industry as a whole has been facing volatility, as well as bearish sentiments in some instances.
Yet despite all this, whales seem to be slowly moving toward having more LINK in their portfolios rather than selling out. This can be seen as an indication of long-term faith in the asset regardless of its current performance or value.
It is notable that there has not been a significant relationship between the growth of whale accumulation and LINK’s price movement in the recent period.
Whereas Bitcoin and other cryptocurrencies have experienced consolidations and declines, Chainlink whales’ accumulation seems to be on an upward trajectory. This indicates that whale accumulation might be taking place without causing significant changes in price movement.
Increases in whale hoarding have at times been precursors to stronger market action. Whales usually establish their positions during times of low prices or low market awareness.
Although not necessarily predicting an increase in prices, the steady increase in wallet numbers of whales hoarding 1M+ LINK could mean increased interest from institutions or HNWIs. It is possible that a large holder could be accumulating its positions in preparation for further gains.
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