Chainlink Whales Buy 33 Million Coins, LINK Price Eyes $50 Rally As LINK ETF Inflows Surge

Key Insights:

• Chainlink whales accumulated nearly 33 million LINK over the past month.
• Spot LINK ETFs now hold close to 1.6% of the circulating supply.
• Analysts are watching a possible breakout toward the $25 resistance zone.

Chainlink price gained roughly 8% over the past month as whale accumulation accelerated across the network. Onchain data showed large wallets continued adding LINK while institutional exposure through spot exchange-traded funds also increased.

The accumulation trend comes as analysts monitor whether LINK can break above long-term resistance levels during the broader crypto market recovery.

Chainlink Whales Added Nearly 33 Million LINK

Blockchain analytics platform Santiment reported that wallets holding between 100,000 and 10 million LINK accumulated about 32.93 million tokens over the past month.

Chainlink whale wallet accumulation | Source: Santiment

The increase represented a 7.7% rise in holdings among large wallet cohorts. Santiment noted that the buying occurred during relatively sideways price action, suggesting whales accumulated while broader market momentum remained muted.

Historically, similar accumulation phases have preceded stronger LINK price rallies as exchange liquidity gradually declined.

At the same time, the Chainlink Reserve added another 119,241 LINK tokens worth approximately $1.1 million. Reserve holdings now stand at about 3.55 million LINK.

The reserve has expanded steadily since launching in Aug. 2025. Holdings rose from roughly 1 million LINK to more than 3.5 million within nine months.

Chainlink ETF Gathers Momentum for LINK Price Upside

According to recent on-chain data, Chainlink ETFs have accumulated nearly 1.6% of the LINK supply amid a surge in institutional exposure. Grayscale Investments reported net inflows of approximately $533,000 into its spot Chainlink ETF on May 6. This brings the funds total AUM for LINK coins at $93 million.

Market data shows that the two spot LINK ETFs currently available collectively hold around 1.58 percent of Chainlink’s total market capitalization. Moreover, Chainlink recently surpassed $30 trillion in transaction value enabled through its oracle infrastructure. This highlights the growing scale of its on-chain data services ecosystem.

LINK Price Structure Keeps Bullish Targets Active

Analyst Celal Kucuker said Chainlink continued showing one of the stronger chart structures among major altcoins.

The analyst noted that LINK could revisit the $25 resistance zone if broader crypto market momentum improves.

LINK price upside | Source: TradingView

A breakout above that level could strengthen the longer-term bullish structure. However, higher targets near $100 remain speculative and would likely require another broader crypto bull cycle.

Another analyst, Miya, pointed to rising institutional participation through spot LINK ETFs. She said U.S.-based LINK ETF products accumulated more than $112 million within five months.

LINK price eyes breakout | Source: Maya

Miya added that the $6 to $9 zone remains an important long-term accumulation range. Meanwhile, whale buying and ETF inflows continue supporting LINK’s broader market structure as traders watch for a breakout above key resistance.

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