Chainlink (LINK) Price: Whale Wallets Hit All-Time High — Is a Breakout Coming?

TLDR

• Wallets holding at least 100,000 LINK have reached a record 805, up 8.2% over seven weeks.
• LINK is currently trading near $9.56, below the key SMA 100 resistance at $9.92.
• Analyst HazironMacro says institutions are quietly accumulating LINK while retail loses interest.
• Chainlink launched oracle services on AWS Marketplace and expanded to new blockchain networks.
• Support sits between $9.40–$9.50; a break above $9.92 could open a path toward $10.20 and beyond.

---

The number of wallets holding at least 100,000 LINK has hit a new all-time high of 805. At current prices near $9.56, each of these wallets holds roughly $958,000 or more in LINK. Data from Santiment confirmed this milestone.

Over the past seven weeks, the count of these large wallets grew by 8.2%. That kind of steady accumulation during a flat price period is often associated with larger investors building positions quietly.

Despite the whale activity, LINK’s price has been moving sideways. The token hit $11 earlier in May before sellers pushed it back down into a correction. It has held higher lows so far, keeping the broader uptrend intact.

Chainlink (LINK) Price

The key short-term resistance is the SMA 100, sitting near $9.92. LINK is currently trading below that level, meaning sellers still have the upper hand in the near term. A clean break above $9.92 would be the first step toward a test of $10.20.

Market analyst HazironMacro posted a detailed breakdown on X, arguing that the gap between LINK’s price and its real-world utility has rarely been this wide. The analyst pointed to the Monthly Point of Control near $9.40–$9.50 as a zone where institutional buyers have been absorbing supply. HazironMacro described the consolidation as deliberate, with market makers grinding price sideways to shake out weaker holders, while noting a large “fair value gap” between $10.50 and $12.50 with little structural resistance above.

Chainlink Expands Institutional Footprint

On May 25, Chainlink officially launched its oracle services on AWS Marketplace. Enterprise developers can now access Data Feeds, Data Streams, and Proof of Reserve tools directly through Amazon’s cloud platform.

The network also expanded its cross-chain infrastructure, CCIP, to Neo X and Creditcoin. These moves are part of a broader push to connect traditional finance with tokenized assets.

Fidelity International has launched a tokenized fund using Chainlink for on-chain NAV reporting. DTCC has also been testing Chainlink’s technology for collateral management tied to tokenized finance. These are live integrations, not announcements.

Spot LINK ETFs that launched in late 2025 have attracted over $111 million in inflows, providing a steady source of demand. That has helped absorb some sell pressure from token unlocks. Chainlink unlocked roughly 19 million LINK tokens earlier this year, worth around $165 million.

Support and Resistance Levels to Watch

Support between $9.40 and $9.50 remains a key zone. If buyers continue to hold that area, the correction could turn into a base for the next leg higher. A break below that zone could send LINK toward the $8.90–$9.10 range.

The RSI has cooled to around 51, putting it back in neutral territory. That suggests the early May momentum has faded and the market is waiting for a new catalyst.

If LINK can reclaim the $9.92 SMA 100 level, traders will likely shift focus to the $10.80–$11 range as the next major target.

The post Chainlink (LINK) Price: Whale Wallets Hit All-Time High — Is a Breakout Coming? appeared first on CoinCentral.