Grayscale Investments’s Chainlink (LINK) Holdings Hit New High as Price Falls Over 70%
Chainlink (LINK), the main oracle community that provides information to sensible contracts, is displaying a putting divergence. The token has dropped greater than 70% from final 12 months’s peak. However, Grayscale Investments’ holdings have climbed to a brand new high.
Additional information factors spotlight rising institutional confidence within the undertaking’s long-term potential, regardless of persistent short-term promoting strain.
Grayscale Holds More Than 5 Million LINK in 2026
According to information from blockchain analytics platform Arkham Intelligence, Grayscale’s LINK stability surpassed 5 million tokens in February 2026. The agency at the moment holds roughly 5.258 million LINK, valued at greater than $43 million.
The information exhibits that LINK accumulation accelerated in December final 12 months and has continued since then. During this era, Grascale purchased 4 million LINK whereas LINK’s worth dropped from $15 to as low as $7.2.
Grayscale’s accumulation displays sustained consumer demand for LINK publicity, regardless of sharp worth corrections. Data from LINK exchange-traded funds (ETFs) reinforces this narrative. Since receiving regulatory approval, these ETFs haven’t recorded a single day of unfavorable web flows.
Although the common every day whole web influx stays beneath $1 million, the absence of outflows means that buyers keep confidence in LINK’s long-term worth prospects.
This development contrasts with a number of different crypto ETFs, the place capital flows are likely to fluctuate with market sentiment.
The relative stability might stem from investor confidence in Chainlink’s position as a important infrastructure for decentralized finance (DeFi) and blockchain purposes. Chainlink delivers dependable information feeds that allow lending platforms, derivatives markets, and prediction markets to function easily. This utility continues to draw institutional capital in search of long-term returns.
Since February 2026, Chainlink has additionally served as infrastructure for five-minute prediction markets on Polymarket, the most important blockchain-based betting platform globally.
Data from Dune Analytics exhibits that Polymarket’s month-to-month notional quantity reached a brand new all-time high of more than $7 billion. Closer integration with an increasing prediction market sector might additional strengthen LINK’s long-term worth proposition.
LINK May Enter a Prolonged Sideways Phase Near the Bottom
Despite these optimistic fundamentals, sustained selling pressure continues to weigh on LINK’s worth.
Market sentiment has remained in extreme fear territory for a number of consecutive days. This has intensified the decline and pushed LINK again into the buildup vary of the earlier cycle.
Some analysts warn that LINK might enter an prolonged sideways accumulation phase, as the token stays undervalued.
“You can not underestimate the significance of time-based capitulation. $LINK took 1.5 years to create a bear market backside in 2023,” investor Greeny commented.
A chronic consolidation state of affairs just like the previous might take a look at holders’ persistence. A current report by BeInCrypto signifies that investors continue to withdraw capital from altcoins. When capital ultimately returns, solely initiatives with tangible real-world purposes might seize significant development.
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