Chainlink Whales Accumulate $31 Million in LINK as Ecosystem Expands

Following last week’s higher-than-expected U.S. PPI data, broader markets have remained cautious, yet Chainlink has attracted renewed whale activity. On-chain data shows that a large investor accumulated approximately $31 million worth of LINK through Binance, even as perpetual futures funding rates stayed in negative territory.

These large-scale inflows took place while sentiment on derivatives platform Deribit remained bearish, suggesting that institutional players are positioning for longer-term exposure to LINK.

Beyond trading activity, Chainlink continues to advance its cross-chain strategy. On May 19, 2025, Xitadel, a Solana-based protocol for Liquid Treasury Tokens (LTTs), integrated Chainlink services as part of the Build program, further strengthening Chainlink’s footprint within the Solana ecosystem.

Shortly after, Chainlink officially launched CCIP on the Solana Mainnet, making Solana the first non-EVM chain to support CCIP v1.6 and unlocking access to over $19 billion in assets.

Whale accumulation during periods of market weakness often signals confidence in long-term fundamentals. As the leading decentralized oracle provider, Chainlink’s multi-chain deployments highlight its role in cross-chain infrastructure and data reliability.

Trading data further confirms that Binance remains the primary venue for LINK transactions. The smooth execution of these multi-million-dollar trades underscores the exchange’s liquidity depth and its ability to handle institutional-sized orders.

In terms of price performance, LINK surged from $21.65 over the weekend to briefly break above $26.5, a gain of roughly 22 percent, before retracing to around $24 on Monday.