On-chain analytics firm Santiment diagnosed via X that Chainlink's core investors are showing the largest accumulation trend ever, entering the early stages of a supply squeeze. The group of whale and shark wallets holding 100,000 to 10 million LINK further absorbed 32.93 million LINK (+7.7%) over the past month, and the number of wallets in this group also surpassed 461,000, breaking an all-time high. Santiment stated, "This group actively manages significant capital without being exchange custody addresses, and 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 with reduced liquidity, the price could rapidly move upwards."
