Massive Institutional Demand and Growing Revenue
Chainlink’s announcement emphasized the protocol’s robust demand, stating that “hundreds of millions of dollars in revenue” have already been generated. With several of the world’s largest banks and capital market institutions now utilizing Chainlink’s technology, this new payment standard is projected to scale further as adoption grows.
The reserve already holds over $1.2 million worth of LINK, and no withdrawals are planned for the coming years—signaling a long-term, strategic commitment. With LINK supply capped at 1 billion and most tokens already circulating, any additional buying pressure can have an outsized impact on price.
Whale Accumulation and Shrinking Exchange Supply
The shift from team selling to active token accumulation is drawing attention from analysts and investors alike. As crypto analyst Gammichan noted on X, “Imagine a token that faced years of relentless FUD due to team sales, and suddenly, the team starts buying instead.” This pivot has sparked renewed bullishness around LINK.
On-chain data from Santiment highlights that wealthy crypto investors—wallets holding between 100,000 and 1 million LINK—have increased their holdings by more than 4%. Meanwhile, CryptoQuant reports a shrinking supply on exchanges, with LINK balances dropping from 166 million to 162 million in just one week.
Reflecting these trends, LINK has surged nearly 10% in the past 24 hours, outpacing much of the altcoin market.