Chainlink, the market’s leading decentralized oracle network, hit an all-time high (ATH) in the number of wallets holding at least 100,000 LINK, its native token.
According to on-chain data published on May 25, 2026 by the analysis firm Santiment, there are 805 wallets with 100,000 LINK or morea growth of 8.2% in just seven weeks.
The graph shows the evolution of wallets with at least 100,000 LINK (yellow line) next to the price of the token. There you can see how the number of large holders grew steadily since the beginning of April until reaching a new ATH.
With LINK’s current price near $9.58, Each of those wallets holds around $958,000 or more in tokens.
Santiment interprets this movement as a sign of bullish optimism on the part of large market participants towards the Chainlink ecosystem.
This type of metrics is usually used to detect accumulation processes. However, it does not allow us to identify exactly who controls those wallets: They can belong to funds, exchanges, institutional custodians or large individual investors.
It is also important to clarify that 1 wallet is not necessarily equivalent to 1 person or entity. It could well be that there are entities controlling multiple wallets with LINK.
The growth of these positions occurs in a context of strong institutional expansion for Chainlink.
As reported by CriptoNoticias, during May the company announced integrations with Kraken, Fidelity International and DTCC, the main post-trading infrastructure of the US stock market.
Kraken, for example, will migrate the interoperability of its kBTC tokenized bitcoin to Chainlink CCIP, while Fidelity uses Chainlink infrastructure in its FILQ tokenized fund.
For its part, DTCC integrated Chainlink technology into Collateral AppChain, a platform focused on collateral management and movements of financial assets.
These integrations strengthen Chainlink’s positioning in sectors such as tokenization, interoperability between networks and provision of financial data for institutions.
Even so, LINK price continues to show weakness. At the moment, The token is trading around $9.58 and has accumulated a drop of around 40% over the last 12 months..
The contrast shows that institutional expansion and the growth of large wallets do not always immediately translate into price increases.