Chainlink Whales Gobble Up 0.67% of Supply in August — Is a LINK Price Explosion Imminent?

Whale wallets just made their biggest Chainlink accumulation play of 2025—and the timing couldn’t be more suspicious.

While retail traders were busy chasing meme coins, crypto’s smart money quietly snatched up 0.67% of LINK’s total supply last month. That’s enough to make even Wall Street’s ‘diamond hands’ blush.

Now the billion-dollar question: Is this the calm before the storm?

Chainlink’s oracle networks power everything from DeFi’s backbone to institutional crypto experiments. But let’s be real—since when do whales move without an agenda? The last time LINK holdings concentrated this fast, price ripped 300% in 90 days.

Technical charts show LINK hovering at a make-or-break level. Break north, and we’re talking potential retest of all-time highs. Fail, and well… at least the whales got a bulk discount.

One thing’s certain: When the so-called ‘smart money’ loads up while everyone’s distracted by the next shiny token, someone’s about to get rich. The only question is whether it’ll be you—or the guys who already own yachts.

Chainlink whale accumulation and recent catalysts

Santiment’s on-chain data reveals a significant increase in holdings among major LINK investors. Wallets holding between 100,000 and 1 million LINK grew by 4.2% in August, accumulating an additional 0.67% of the total supply so far this month. This buying coincides with several major network developments.

With the launch of Data Streams for U.S. stocks and exchange-traded funds on Aug. 4, chainlink made it possible for tokenized real-world asset markets to access real-time, low-latency data. The initiative has already attracted adoption from protocols like GMX (GMX) and Kamino Finance.

On Aug. 7, the team unveiled the Chainlink Reserve, an on-chain LINK reserve designed to support long-term growth and incentivize node operators.  That same day, Chainlink’s Cross-Chain Interoperability Protocol was used in Brazil’s Drex CBDC pilot to connect with foreign central banks in a trade finance trial alongside Banco Inter, Microsoft, and 7COMm.

Chainlink technical analysis

Technical indicators show a generally positive outlook. From the 10-day to the 200-day period, all of the major moving averages are in buy territory, indicating solid underlying trend support. The relative strength index is at 61, suggesting the asset may still have room to grow before reaching overbought conditions.

Both the Awesome Oscillator and Momentum indicate that buying pressure is still present. In a bullish scenario, the next resistance is likely to FORM in the $20.50–$21 range, which could be reached by sustained whale accumulation and a break above $19.16.

Failure to maintain above the mid-Bollinger Band around $18 may result in a retest of the support zone between $17.20 and $17.50, particularly if traders in derivatives unwind Leveraged long positions.