Network activity on Chainlink (LINK) has been increasing over the past year but price movement has been declining. As whales continued to accumulate altcoins, institutions also embraced the prophecy.
Chainlink whales grow 25% per year
The number of Chainlink whales holding more than 1 million LINK tokens has increased by 25% in just one year. In other words, the number, which was 100 in April 2025, increased to 125 in April 2026. Meanwhile, their assets continued to grow.
However, prices continued their downward trend. This decline has been exacerbated by rising geopolitical tensions in the Middle East.
Why might LINK’s supply get tighter?
Fundamentals were tightening the supply of LINK tokens circulating in the market.
Chainlink Reserve, for example, added more than 137,004 LINK tokens worth $1.17 million. This brings total assets to 2.93 million, valued at $25.6 million; The chart shows steady growth since August last year.
The reserve is expected to continue growing thanks to fees collected from institutions that pay for divination services.
For example, Multipli will distribute itself. 340 million dollars rwaUSD Via Chainlink. The stablecoin is backed by tokenized US stocks, which brings liquidity to the chain.
Additionally, 3.5 billion dollars of revenue was generated from Polymarket, which was integrated into the ecosystem. transaction volume. More than 3,000 investors have signed up for Data Flows, expanding Oracle’s revenue streams.
Such increased activities of institutions increased revenue generation. These developments indicate that the reserve will increase its efforts to cut off the supply in circulation.
Price action consistent with April 2025 lows
Chainlink’s price action chart has consolidated just below the April 2025 lows. In the second quarter of last year, the altcoin consolidated and started to rise towards the end.
These lows led to LINK’s rise in 2025.
Chainlink has moved sideways since the beginning of February, settling in a two-month range. Although the bears seem to be in control, the sloping resistance has also traded around the trend line.
The MACD is slightly red, which means the sellers’ strength is waning. If the price moves out of the range and above the trend line, whales could potentially push LINK higher, possibly back to the 2025 high of $27.
If the price continues to trade between $8 and $9.40, a major breakout could occur on both sides.
Final Summary
- Chainlink whales are growing at 25% per year as supply continues to tighten.
- LINK is consolidating just below the lows that fueled the 2025 rally.
