Large investors are piling into LINK at a steady pace. Over the past seven weeks, the number of wallets holding at least 100,000 LINK jumped 8.2% to 805, with each wallet now worth over $958,000 at current prices. On-chain data from Santiment suggests this concentrated accumulation signals sustained long-term interest, not a quick price pop.
Despite the buying, LINK's price has remained range-bound. After spiking to $11 in early May, the token corrected and now trades around $9.56. It has been forming higher lows, maintaining a broadly bullish structure, but faces a formidable resistance: the 100-day simple moving average at $9.92. A break above could open the path toward $10.20 and beyond.
Institutional Push: Chainlink Oracle Hits AWS Marketplace
Beyond individual whales, Chainlink's institutional footprint is expanding fast. On May 25, Chainlink's oracle solution went live on the Amazon Web Services Marketplace, giving developers frictionless access to data feeds and proof-of-reserve services directly from AWS. The cross-chain interoperability protocol also launched on Neo X and Creditcoin.
Fidelity International has adopted Chainlink technology to track on-chain net asset value, while major US clearing house DTCC began piloting Chainlink for collateral processes. These integrations represent real-world implementation, not mere conceptual support.
Technical Picture: $9.40–$9.50 as the Monthly Control Point
Analyst HazironMacro notes that the gap between LINK's intrinsic value and market price has hit a peak. The $9.40–$9.50 zone functions as a "monthly control point," where institutional buyers are likely building substantial positions. The ongoing consolidation appears designed to shake out speculative hands. The Relative Strength Index (RSI) has slipped to around 51, neutral, indicating May's momentum burst has cooled. If the $9.40–$9.50 support holds, LINK may regain upward momentum; failure could see a retest of $8.90–$9.10. A successful push above the $9.92 moving average targets the $10.80–$11 range next.
Fund Flows and Token Demand: $111M into Spot LINK Products
By end of 2025, spot LINK investment funds listed on exchanges had attracted over $111 million in capital inflows, helping offset selling pressure from routine token distributions. In early 2026, another 19 million LINK tokens (worth roughly $165 million) entered circulation. Despite the new supply, whale addresses kept growing, underscoring robust demand for LINK among deep-pocketed investors.