Chainlink Whales Grow 25% Amidst Ongoing Price Decline

Chainlink (LINK), a decentralized oracle network, has experienced a notable surge in whale accumulation despite its price decline. According to blockchain analytics firm Santiment, the number of wallets holding 1 million or more LINK has grown from 100 on April 2, 2025, to 125 as of April 2, 2026, representing a 25% increase over the past year.

This growth in large LINK holders signals institutional accumulation and confidence in the token's medium- to long-term value. The trend extends beyond isolated peaks, with a steady increase in monthly average outflows from exchanges.