Chainlink Whales Reach Record 805 Wallets Holding Over 100,000 LINK Tokens

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

LINK-0.84%

XRP-0.09%

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Whale Wallet Expansion: The number of Chainlink wallets holding over 100,000 LINK tokens reached a record 805, reflecting an 8.2% increase, indicating sustained institutional interest and accumulation during broader market consolidation periods.
Derivatives Market Stabilization: Despite prolonged downside pressure, LINK derivatives funding rates remained positive, suggesting that professional traders maintained healthy leverage levels, which reflects a gradual transition towards a more balanced market sentiment.
Infrastructure Investment Trend: Institutional investors are increasingly interested in blockchain infrastructure, particularly in decentralized finance and tokenized assets, with Chainlink continuing to play a vital role as a core oracle infrastructure provider globally.
Market Behavior Analysis: The rising concentration of whale wallets often signals investment in future ecosystem growth rather than mere speculation, and current market behavior suggests that infrastructure narratives remain dominant in institutional crypto positioning.

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Technical Analysis for LINK

Technical Sentiment Analysis for Chainlink (LINK). As of , Chainlink (LINK) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for LINK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, LINK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Chainlink (LINK) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	8.059	8.559	9.034	9.534	10.009	10.509	10.984
Fibonacci	8.559	8.931	9.162	9.534	9.906	10.137	10.509

About LINK

Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.To learn more about this project, check out our deep dive of Chainlink.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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