Chainlink whales most active in five months: 46.57% of supply in hands

Large Chainlink holders have suddenly become particularly active. Within a 24-hour period, 246 separate transactions of more than $100.000 in LINK took place, the highest daily number in five months. At the same time, wallets holding between 100,000 and 10 million LINK now collectively hold 466.31 million coins, accounting for 46.57% of the total available supply.

Chainlink is available at OKX and Bybit.

In short:

• Within 24 hours, 246 LINK transactions of more than $100.000 took place, the most since March 2026.
• Large wallets collectively hold 466.31 million LINK, or 46.57% of the total supply.
• Historically, the LINK price follows the movements of these large holders fairly closely.

Highest whale activity in months

Data from Santiment shows that the network recorded a notable peak in large transactions on 12 August 2026. With 246 transactions above $100.000 in a single day, whale activity reached its highest level since March. This is not only an increase in transaction volume, but also in holdings: the group of wallets holding between 100,000 and 10 million LINK is simultaneously expanding its total position.

This is therefore not a temporary spike in trading activity, but a situation in which major parties are actually holding more LINK. Historically, LINK’s price movements have tracked relatively closely to the behaviour of these large holders, which is why this group is regarded as an indicator for potential price developments.

Chainlink expands network further

At the same time, Chainlink is working on expanding its network on multiple fronts. The project is active in the areas of CCIP, tokenized assets, stablecoins, institutional data and new connections between different blockchains. Officially, the network still positions itself as the central oracle infrastructure for financial applications on blockchain.

The combination of increasing adoption and rising whale activity is drawing the attention of analysts. Whether the recent accumulation by large parties will actually herald a price move remains to be seen, but the historical correlation gives some reason for optimism. For context: earlier this week, Ethereum dropped below zero on two fronts simultaneously, prompting market analysts to speculate about broader market movements, as reported by Blockchainstories.