LINK whale accumulation hits all-time high, Santiment reports

Chainlink (LINK) has entered the early stages of a supply squeeze driven by record-breaking accumulation among its key investors, according to on-chain analytics firm Santiment. In a post on X, the firm noted that whale and shark wallets holding between 100,000 and 10 million LINK have added 32.93 million LINK, a 7.7% increase, over the past month. The number of wallets in this cohort has also surpassed 461,000, setting a new all-time high. Santiment stated that this group represents the most active capital outside of exchange custody addresses and that, historically, their strong accumulation tends to precede price increases. The firm suggested that since this accumulation occurred while LINK was consolidating near multi-month lows in the first quarter of 2026, a continued Bitcoin rally could lead to a sharp upward price movement for LINK amid the reduced supply.