Whales Accumulate 14M Chainlink Tokens Amid Price Stability

Chainlink's price has stabilized around $8.54 as large holders continue to accumulate LINK tokens.

According to onchain data from Ali Martinez, more than 20 transactions valued above $1 million each were recorded in a recent session, indicating growing interest from major holders.

The combined holdings of these large holders have risen from below 170 million tokens to around 182-183 million LINK over the past month, with over 14 million tokens accumulated in less than three weeks.

This accumulation can reduce available market supply, but it does not guarantee that prices will rise.