- Whales expand LINK holdings as large investors now control 43.8 percent of supply, adding 26 million tokens in six months
- Social excitement peaks with Chainlink’s social dominance reaching the highest level since October 2024 signaling strong market engagement
- Price and whale activity align as LINK surged 25 percent since March 10 mirroring increased accumulation and rising social discussions
Santiment data indicates that social dominance and accumulation by key stakeholders have increased in Chainlink (LINK). Since March 10, the price of the token has increased by 25% after a private meeting with U.S. government officials. Besides, wallets holding between 10,000 and 10 million LINK now control an all-time high of 438.33 million coins. This accounts for 43.8% of the total supply.
Increasing Holdings by Large Investors
Over the past six months, LINK’s key stakeholders have expanded their holdings. These wallets have added 26 million LINK, marking an 8.3% rise. Moreover, the accumulation phase aligns with LINK’s price trend, showing a strong correlation between whale activity and market movements.
From September to December 2024, LINK’s price rose steadily, paralleling increased holdings. During this phase, social discussions also intensified, fueling market participation. The price peaked in mid-December before encountering volatility in early 2025. Despite this, key investors continued accumulating, reinforcing long-term confidence in LINK.
Social Dominance and Market Impact
Chainlink’s social dominance has reached its highest level since October 2024. This surge reflects growing discussions about LINK across crypto communities. Moreover, historical trends suggest that increased social interest often precedes price movements.
Between January and March 2025, LINK’s price faced corrections, but large investors remained undeterred. They showed a great belief in the token’s future by progressively increasing their holdings rather than selling them. This pattern also demonstrates the calculated actions of institutional investors who profit from declines as opposed to panic selling.
The correlation between social dominance and price action remains crucial. A rise in discussions about LINK often coincides with heightened market engagement. The recent spike in social metrics suggests potential continued momentum for LINK.
