On-chain analytics firm Santiment diagnosed via X that ChainLink's core investors are showing the largest accumulation in history, entering the early stages of a supply squeeze. Whale and shark wallets holding between 100,000 and 10 million LINK absorbed an additional 32.93 million LINK (+7.7%) over the past month, and the number of wallets in this group also surpassed 461,000, setting a new all-time high. Santiment stated, "These are not exchange custody addresses, yet they are the group that most actively manages significant capital. Historical data shows that strong accumulation tends to precede price increases. As accumulation occurred while LINK traded sideways near multi-month lows in Q1 2026, if the Bitcoin bull run continues amidst reduced liquidity, the price could rapidly move upwards," it predicted.
