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Institutional demand for Chainlink grows as LINK holdings rise despite recent price dip.

Market News
12 Sep 2026
AMBCrypto
View Source
Bullish
Institutional demand for Chainlink grows as LINK holdings rise despite recent price dip.

Institutional investors like Grayscale and Bitwise have increased their Chainlink (LINK) holdings significantly, with Grayscale's ETF acquiring over 1 million LINK worth $12.12 million in 18 days. Chainlink's strategic reserve also added 91,100 LINK, boosting total reserves to nearly 5.86 million LINK valued at $67.24 million. Despite a recent price pullback to around $11.50, LINK remains above a key $11 support level, suggesting potential for recovery if this zone holds. Whale activity and ETF inflows indicate sustained demand, but technical indicators show weakening buying strength, making the $11 support crucial for LINK's next upward move.

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