Chainlink Whales Accumulate $120M in Fresh LINK Tokens Amid Price Correction

While retail traders watched Chainlink's price drop from around $13 to $11.50 in mid-September, 'the biggest wallets on the network' were accumulating LINK tokens.

On-chain data shows that these whales accumulated approximately 10.36 million LINK, valued at roughly $120 million, following a 17% correction in the token's price.

This buying spree coincided with several institutional milestones that suggest smart money is confident in Chainlink's future prospects.

The Grayscale GLNK ETF and Bitwise both experienced inflows and direct LINK purchases during this period, indicating that interest from larger players has not wavered despite the price volatility.