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Chainlink Rises 10% as Whale Holdings Grow and ETF Money Returns

Fresh ETF inflows hint at tighter supply conditions.

Overview

  • Large non-exchange wallets added 32.93 million LINK over the past month, a 7.7% increase that Santiment says pushed this cohort’s wallet count to a record near 461,000.
  • Spot investment funds tracking LINK saw about $532,900 of new inflows this week, according to SoSoValue, marking a return of demand after a quiet stretch.
  • An analyst known as Nazoku reported two Chainlink buybacks totaling roughly $2.31 million that moved tokens to the Chainlink Reserve, a claim not detailed in official disclosures.
  • Futures open interest climbed from about $366 million to roughly $495 million this week, CoinGlass data shows, indicating more capital taking exposure through derivatives.
  • State Street Investment Management and Galaxy Asset Management launched an onchain liquidity sweep fund that uses Chainlink tools to post fund NAV on blockchain and link across networks.