Chainlink Whales Accumulate Over 14 Million Tokens Amid Price Stabilization

Chainlink's price has stabilized at around $8.54 after a decline in the broader market, despite whales accumulating over 14 million tokens in less than a month.

This surge in whale activity is evident from on-chain data shared by crypto analyst Ali Martinez, which shows that large holders have increased their LINK holdings from below 170 million to around 182-183 million tokens.

The accumulation of tokens by whales can reduce available market supply when holders keep their coins rather than moving them to exchanges, but it does not guarantee a price increase.