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Chainlink whales boost holdings 7.7%, ETF inflows hit $112M, signaling tightening LINK supply

Protocol Fundamentals
08 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Large Chainlink holders with 100K–10M LINK tokens increased their holdings by 32.93 million coins, a 7.7% rise, reaching a record 461,000 wallets. This accumulation happened during a period of price suppression, suggesting strong hands are absorbing supply ahead of renewed retail interest. Additional supply pressure comes from $2.31 million in recent buybacks, $112.10 million cumulative inflows into LINK Spot ETFs, and $38.8 million net outflows from exchanges, indicating reduced liquid supply. These factors combined point to a potential supply squeeze that could drive LINK prices higher if demand rises.

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