Cryptocurrency whales are actively accumulating Chainlink (LINK), according to recent data from the analytics service Lookonchain shared on X (formerly Twitter).
One whale reportedly moved over $1 million in LINK from OKX in just a few hours. Over the past five months, this address has collected more than 1.1 million LINK, equivalent to roughly $19 million.
Another major holder withdrew 66,113 LINK (about $1.14 million) from Kraken. Over the last 30 days, this whale has added 307,684 LINK, or approximately $5.34 million, to their holdings.
Data from Santiment indicates that addresses holding between 100,000 and 1 million LINK are steadily increasing their positions:
- 12 months: +40 million LINK
- 6 months: +12.9 million LINK
- 3 months: +8.7 million LINK
- 1 month: +2.8 million LINK
Analysts also highlighted the 30-day average profitability metric for LINK traders. Historically, when this indicator drops below -5%, it often signals a potential buying opportunity.
At the time of writing, LINK is trading above $17. Charts from Binance via TradingView reflect stable upward accumulation.
Earlier, Chainlink announced the creation of a token reserve in LINK, reinforcing the platform’s long-term development strategy.
This continued whale activity suggests strong confidence in LINK and may signal positive momentum for the token’s market performance in the coming months.
