According to data shared by on-chain analytics platform Lookonchain, two major investors have been rapidly increasing their Chainlink (LINK) holdings in recent months.
Two Whales Have Accumulated Over 1.4 Million Links in Recent Months
According to the data, the whale with the address 0xf386 withdrew 62,207 LINK (approximately $1.07 million) from the OKX exchange approximately five hours ago. With this latest transaction, the amount of LINK accumulated by that address over the past five months has reached approximately 1.1 million units (approximately $19 million).
Similarly, another whale with the address 0xe8aa withdrew 66,113 LINK (approximately $1.14 million) from the Kraken exchange 14 hours ago. This address's total LINK haul over the past month brings the total amount to 307,684 LINK (approximately $5.34 million).
The accumulation of LINK by large investors in recent weeks, according to on-chain data, suggests a renewed surge in institutional interest. Chainlink's efforts, particularly in the integration of DeFi and real-world assets (RWA), support long-term confidence in the project.
According to experts, this accumulation process demonstrates that LINK has strong fundamental value despite market-wide volatility. Increased whale buying could contribute to price stability and usher in a potential future uptrend.
Finally, the Chainlink ecosystem has been keeping investor interest alive recently with developments in both staking programs and data oracle solutions.
*This is not investment advice.
