Chainlink Whales Add 20M+ LINK as LINK ETFs See $2M Inflows

Chainlink (LINK) large holders (top 100 wallets) accumulated more than 20.46 million LINK since early November, roughly $263M at current prices, while major exchange reserves declined — a sign of reduced near-term sell pressure (Santiment, CoinGlass). Separately, Chainlink-linked exchange-traded products saw about $2.02M in net inflows on the reported day with no outflow days during the tracked period (Altcoin Buzz). Price followed broader market weakness, falling from about $13.68 to ~$12.70, breaching short-term support near $13.23 and testing a $12.50–$12.80 support band; failure could open lower targets around $11.50 and near $10. On-chain activity shows protocol usage continuing: CCIP transfers exceeded $2.2B across 50+ chains, indicating sustained adoption despite consolidation. For traders: concentrated whale accumulation and falling exchange balances reduce immediate selling pressure and can support rallies, while ETF inflows signal institutional interest; however, macro headwinds and broad crypto weakness keep short-term downside risk elevated. Trade guidance: manage risk with clear support/resistance levels (resistance ~$13.23–13.68; support $12.50–12.80, then $11.50), use tight stops, and size positions given elevated volatility.