Chainlink whale (LINK) accumulates as the price drops

On-chain data from Santiment shows that the top 100 Chainlink (LINK) whales are increasing accumulation as the price of LINK drops below the $13 mark. In contrast to this movement, retail investors tend to exit their positions amid volatile market conditions and widespread FUD sentiment.

According to CoinGecko, LINK has decreased by 6.3% over the past week, currently trading around $11.79. While many retail investors are taking profits or cutting losses, large wallets are taking advantage of the low prices to accumulate. History shows that “smart money” activity often appears before price rallies, as whales have the ability to influence liquidity and market trends.

This accumulation activity reflects long-term confidence in the Chainlink platform, especially as CME Group is expected to launch Chainlink futures contracts next month, indicating increasing institutional demand.