Chainlink Whales Experience Significant Growth Amidst Ongoing Price Decline

On-chain data has revealed a notable surge in Chainlink (LINK) whales over the past year, with the number of wallets holding 1 million or more tokens growing by 25%. This increase in whale accumulation is significant as it suggests that large investors are positioning for potential future gains, signaling confidence in LINK's medium- to long-term value.

The data shows that the number of whales has grown from 100 on April 2, 2025, to 125 as of April 2, 2026. This growth occurred while Bitcoin and most major cryptocurrencies remained in a protracted bear cycle, highlighting accumulation by large holders rather than immediate price-driven activity.

The trend extends beyond isolated peaks, with the monthly average of top outflows climbing steadily from roughly 2,000 LINK per day to nearly 2,600 LINK since mid-February. This gradual increase underscores heightened activity from the largest holders, signaling a potential shift in accumulation patterns.