Chainlink’s largest group has increased its exposure to LINK in the past month, according to Santiment, who says the move could signal a tightening of supply if the long-term market is effective. The chain token is known because the purchase was made when the LINK was sold in the fixed position instead of during the exit.
Saint he said on May 7th that “ChainLink’s main stakeholders who live between 100K-10M LINK were badly collected last month.” The analytics company added that “these whales and sharks have earned another 32.93M (+7.7%) in just one month.”
Why Sentiment Focuses on Chainlink Whales
The main point in Santiment’s writings is not that senior owners are buyingbut that the group of this bag can say more than the common metric whale. As Santiment said, “What makes this accumulation so important is who is buying it. The 100K–10M LINK wallets represent ChainLink’s most active and dedicated team. They are big enough to move large sums of money, but not so big as to be exchange-managed custodial accounts.”
Collaborative Reading
If the purchases were based on the obvious linked addresses, the signal would be difficult to read as an inbound bet. Santiment instead presents the group as a group of large shareholders whose actions can reveal involvement at a time when the price itself seems uncertain.
A chart he shared with Santiment shows funds held by 100,000 to 10 million LINK wallets rising steadily through early May, although LINK itself remained near record lows. Santiment clearly argued that time is of the essence. “Historically, when the group is very large, they tend to stay ahead of the curve rather than reacting to lower prices.”
Collaborative Reading
The company then linked the historical data with the set: “This is what this chart shows is happening in Q1 2026 when LINK traded sideways near multi-month lows.” This is a more powerful translation than simply a reference to a high rise. Santiment clearly argues that the market has not shown it well Accumulation appears on the chain.
Supply Chain Conflict
Santiment notes go a step further by fixing the move as the first step in a possible squeeze. “This picture of a chain is one of the first things that have been created,” the company wrote. “With 32.93M additional LINK now locked in strong hands and the group’s holdings rising sharply, the liquidity available on the exchange is under pressure.”
This is the most obvious takeaway from the post. If many LINKs are entering wallets that are considered committed, and few of them are immediately available for purchase, then the new value may have a higher value than it would otherwise. Santiment’s ending is tentative and not absolute: “If Bitcoin and the market are still evolving promotion, combined with the reduction of partial sales and the certainty of fish that have already been raised can accelerate the availability of prices significantly. “
At press time, LINK was trading at $9.86.
Graphic design by DALL.E, chart from TradingView.com
