Chainlink’s native token LINK is making headlines following a sharp rise in large investor interest. According to on-chain data from Santiment, the number of wallets holding at least 100,000 LINK has climbed to 805, reflecting an 8.2% increase over the past seven weeks. Each of these wallets now contains LINK valued at roughly $958,000 or more.
Whale activity intensifies as price holds steady
Despite these sizable acquisitions, the price of LINK has remained in a tight range. After briefly surging to $11 in early May, the token entered a corrective phase amid increased selling. Currently trading around $9.56, LINK has been forming higher lows, maintaining an overall positive outlook, but faces a critical resistance level ahead.
On-chain data from Santiment suggests that this concentrated whale accumulation signals not a quick price jump, but rather a sustained and systematic long-term investor interest in LINK.
The immediate resistance stands at $9.92, marked by the 100-day simple moving average. If this technical barrier is breached, LINK could find momentum for a move towards $10.20, opening up fresh upside potential.
Institutional adoption gains momentum
Beyond individual holders, Chainlink’s ecosystem is also seeing increased integration on the institutional front. On May 25, Chainlink’s oracle solution became available on the Amazon Web Services Marketplace, allowing developers frictionless access. Corporations can now seamlessly utilize Chainlink’s data feeds and proof-of-reserve services directly through AWS.
Dictionary: In the Chainlink ecosystem, an oracle is an independent software service that supplies blockchains with real-world data, allowing smart contracts to securely access updated information such as asset prices, weather, and financial results.
Chainlink’s cross-chain integration protocol also went live on networks like Neo X and Creditcoin. In addition, investment giant Fidelity International has adopted Chainlink technology to track on-chain net asset value, while major US financial institution DTCC began piloting Chainlink for collateral processes. These moves signal not just conceptual support but real-world implementation.
Technical levels and market outlook
Analyst HazironMacro notes that the gap between LINK’s intrinsic value and its market price has reached a peak. According to this analysis, the $9.40–$9.50 range serves as a “monthly control point,” where institutional buyers appear to be building significant positions. The ongoing consolidation is viewed as a deliberate strategy to shake out speculative positions.
| Wallet Size | Number of Wallets | 7-Week Change | Total Value (USD) |
|---|---|---|---|
| At least 100,000 LINK | 805 | 8.2% increase | Each ≥$958,000 |
Technical indicators point to strong support in the $9.40–$9.50 region. If this corridor is maintained, LINK may gain the momentum needed for another upward move. Failing that, the next key support is expected between $8.90 and $9.10.
Relative Strength Index (RSI) has slipped to around 51, signaling neutrality and indicating that the brief momentum spike seen in May has cooled. Buyers are waiting for LINK to break above the $9.92 moving average; if successful, the next major target will be the $10.80–$11 range.
Fund inflows and token demand
By the end of 2025, spot LINK investment funds launched on exchanges attracted more than $111 million in capital inflows. These institutional investments played an important role in counterbalancing the selling pressure caused by routine token distributions in the market. In early 2026, an additional 19 million LINK tokens—valued at roughly $165 million—entered circulation.
LINK whale addresses saw an 8.2% increase over seven weeks, underscoring the significance of the $9.92 resistance as investor attention clusters around critical price levels.
