Chainlink LINK Whale Holdings Reach Record High as Institutional Demand Intensifies

Chainlink LINK News - Chainlink's whale activity surged to unprecedented levels in September, with wallets holding 100,000 to 1 million LINK and those above 1 million tokens exceeding 600 addresses. On-chain analytics firm Alphractal confirms this marks a new all-time high, highlighting growing institutional conviction in the protocol's infrastructure role. Whales accumulated 1.25 million LINK in early September alone, according to Santiment data, demonstrating sustained accumulation patterns among high-net-worth investors. Trading volume metrics support this trend—monthly averages doubled from July's $500 million to consistent $1-2 billion ranges. At $23, LINK trades significantly above its $15.10 realized price, indicating strong holder profitability. This price resilience combined with expanding whale participation creates a bullish technical outlook, driven by cross-chain interoperability demand and Chainlink's critical role in decentralized finance expansion.