Overview
- Large wallets bought more than 2.50 million LINK over a recent 10‑day span, a concentrated accumulation trend tracked by Santiment and highlighted by market analysts.
- Chainlink’s Reserve added 373,791 LINK in September, bringing holdings to about 6.04–6.05 million LINK and increasing protocol-controlled supply that supports on‑chain demand.
- LINK traded around $14.33–$14.50 after a late‑September intraday high near $14.89, and price must clear clusters near $16 and $17.70—levels where roughly 16.9 million and 22.7 million LINK were previously acquired—to confirm larger upside.
- Network activity and enterprise signals grew with roughly 1,344–1,500 new LINK addresses created daily and a new partnership with Infosys to connect banks’ systems to Chainlink infrastructure, although the deal gave no bank names or timelines.
- Protocol fundamentals strengthen beyond price as Chainlink’s CCIP reports about $82.39 billion secured and CCIP 2.0 rollouts have drawn endorsements from institutions, yet retail selling and past exchange deposits remain material near‑term risks.