Chainlink now counts more than 535,000 wallets holding at least 1 LINK, the highest level since December 2022. Santiment reported that wallet growth continued even as LINK traded below its cycle peak. The data shows steady holder expansion during a period of broader market weakness.
Santiment confirmed that over 535,000 wallets hold at least 1 LINK across the network. The platform described this figure as the highest count of non-micro wallets since December 2022. LINK remains well below its previous cycle highs despite this expansion.
Santiment stated that steady wallet growth often signals gradual adoption and accumulation. The firm explained that rising holder counts suggest broader participation beyond short-term trading. It added that tracking wallets with at least 1 LINK measures network involvement rather than speculation.
TL;DR: Chainlink’s non-micro wallets rebound back to highest level since 2022
Metrics Used: Supply Distribution (# of Wallets)
Link: https://t.co/Q78qODkBbV
Chainlink's network now contains more than 535K wallets holding at least 1 LINK, the highest total since… pic.twitter.com/8U6SRqmD09
— Santiment Intelligence (@SantimentData) June 9, 2026
The analytics provider said that new wallet formation continued during volatile market conditions. It described this trend as an encouraging development for the ecosystem. Santiment noted that growing participation may reflect sustained interest from long-term holders.
LINK traded near $7.9 at the time of reporting after declining from above $10.4 in early May. The token recorded a steady drop over the past month despite higher wallet counts. This price movement shows that adoption growth has not translated into immediate market gains.
Chainlink’s infrastructure adoption increased following an April exploit tied to LayerZero-powered systems. KelpDAO announced it would migrate rsETH to Chainlink’s Cross-Chain Interoperability Protocol to enhance security. Solv Protocol also confirmed plans to move over $700 million in Bitcoin-related assets to CCIP.
KelpDAO stated that the transition aims to strengthen cross-chain safeguards. Solv Protocol described the migration as part of a broader overhaul of its infrastructure. Both projects identified CCIP as the new framework for their cross-chain operations.
Santiment commented on Chainlink’s broader role within digital asset infrastructure. It stated, “With Chainlink continuing to play a central role in oracle services, tokenized assets, and real-world asset infrastructure, watch for crypto’s #17 market cap to be a breakout candidate when overall markets turn bullish once again.”
Chainlink Labs increased its regulatory engagement through a new political initiative. Together with Anchorage Digital, it helped establish the Blockchain Leadership Fund. The political action committee endorsed ten candidates supporting blockchain-focused policies for the 2026 election cycle.
Chainlink technology also entered traditional finance channels through new partnerships. Fidelity International adopted Chainlink for its first tokenized fund, FILQ. This integration marks the latest deployment of Chainlink’s infrastructure within institutional asset management.
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