Chainlink Whale Wallets Holding Over 1M LINK Increase 25% Year-on-Year

Highlights:

• Chainlink whale wallets have continued to expand despite the broader crypto market downturn, underscoring strong faith in LINK.
• According to Santiment, wallets holding over one million LINK tokens increased by 25% in just one year.
• CryptoQuant analyst explained that consistent accumulations imply that whales are building their positions in anticipation of a price breakout. 

On-chain crypto analytical firm Santiment has reported a significant surge in the number of Chainlink (LINK) whale wallets. In one of its most recent X posts, the analytical intelligence firm stated that the number of wallets holding 1 million or more LINK tokens grew by 25% in the past year. As of April 2, 2025, 100 wallets held 1 million or more LINK tokens. However, by April 2, 2026, 25 new wallets upgraded to whale status, bringing the total number of Chainlink wallets with at least 1 million LINK tokens to 125. 

Santiment noted that the surge in the number of Chainlink whale wallets might not be significantly correlated with the crypto market. This is because Bitcoin (BTC) and several other altcoins have remained in a bearish cycle for a very long time. “But when markets flip positive once again, look for assets that whales have quietly been flocking to,” the on-chain analytical intelligence firm added. This statement implies that whales are quietly accumulating LINK, possibly because of its unique inherent value. In addition, reward potential could also be among the factors that have attracted whale investors over the past year. 

🐳 Chainlink whales have grown by a significant margin over the past year.

📌 April 2nd, 2025: 100 wallets with 1M or more $LINK
📌 April 2nd, 2026: 125 wallets with 1M or more $LINK

🧐 This may not seem like it has much correlation with price while Bitcoin and all of crypto… pic.twitter.com/cmItrfvgHO

— Santiment ✈️ 🇫🇷 EthCC (@santimentfeed) April 2, 2026

Chainlink Whale Accumulation Trend Intensifies

In a recent publication dated April 1, Darkfost, a CryptoQuant analyst, reported that Chainlink whales have continued to accumulate LINK. According to the analyst, on-chain data revealed that a significant volume of LINK tokens is leaving exchanges, especially Binance. 

For example, whales moved more than 8,000 LINK out of Binance on two separate days. These were among the 10 biggest transactions on those days. The analyst also pointed out a steady increase in the number of overall activities among Chainlink whale investors. Since mid-February, the average size of these top 10 daily withdrawals has grown from about 2,000 LINK to nearly 2,600 LINK. 

The analyst noted that the accumulation trend persisted despite the overall bearish market outlook. This contrast is why consistent LINK accumulations have continued to attract significant attention. Darkfost explained that the accumulation could mean that large investors are gradually building their LINK positions while anticipating possible price breakouts. 

🚨DATA: WHALE ACTIVITY ON LINK INTENSIFIES AMID ALTS WEAKNESS

On-chain data shows whale activity on $LINK is sharply intensifying.

Top 10 daily outflow transactions on Binance have spiked twice, with over 8,000 LINK pulled in a single day, according to CryptoQuant analyst… pic.twitter.com/5kMs3M4WMF

— BSCN (@BSCNews) April 1, 2026

Meanwhile, around late March, Santiment reported a massive surge in the number of wallets holding at least 1,000 LINK tokens. According to the publication, 25,420 wallets held at least 1,000 LINK tokens. This figure was the highest number ever recorded since December 3, 2025. 

Citing possible reasons for the consistent accumulation, Santiment stated: 

“As LINK remains in its range of $9 to $10 since early February, larger capital wallets have been gradually returning to the network in anticipation of a future breakout.”

LINK’s Price Soars Amid Growing Accumulation

At the time of press, LINK is changing hands at approximately $8.7, following a 2 4% upswing in the past 24 hours. It has a trading volume of $261.4 million, with a market cap of approximately $6.2 billion, and ranks as the 17th most valuable cryptocurrency on CoinGecko. In addition, LINK 83.5% below its $52.7 all-time high (ATH) attained in May 2021.