Chainlink (LINK) Sees Possible Whale Accumulation and Long-Term Holder Growth Amid Price Recovery

Key Points

1. Whale accumulation has increased by nearly 9 million LINK tokens, pushing total whale-held LINK to approximately 175.91 million, coinciding with a price rise from $13.33 to $18.67.

2. Exchange outflows from July 10 to July 20 indicate reduced selling pressure, with notable spikes exceeding $5 million on July 18, reflecting bullish investor sentiment.

3. 77% of LINK holders have maintained their positions for over a month, and 66% of the circulating supply is held in large wallets, showing strong long-term conviction.

4. The 7-day transaction volume for large transfers stands at $974.5 million, with over half originating from Western markets, indicating sustained global interest.

5. Despite a slight decline in Telegram group membership, overall netflows recorded a $21.81 million outflow, suggesting continued commitment to LINK.