Chainlink Records Strongest Wallet Growth in Nearly Three Years: Santiment

Highlights:

• Chainlink wallet growth has reached a record high, with more than 535,000 wallets now holding LINK.
• Chainlink ETFs added $1.81 million in fresh inflows and have recorded no outflows since launch.
• LINK remains below $8, while traders watch key support and resistance levels for the next move.

Santiment data indicate that the number of LINK wallets on the network has reached its highest level since December 2022. According to the analytics firm, a total of 535,650 wallets currently contain at least one LINK. The number is the best growth that wallets have seen on the network in almost three years.

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✍️ TL;DR: Chainlink’s non-micro wallets rebound back to highest level since 2022
📊 Metrics Used: Supply Distribution (# of Wallets)
🔗 Link: https://t.co/Q78qODkBbV

📈 Chainlink's network now contains more than 535K wallets holding at least 1 LINK, the highest total since… pic.twitter.com/8U6SRqmD09

— Santiment Intelligence (@SantimentData) June 9, 2026

The increase comes despite LINK trading far below its previous cycle highs. Santiment noted that the wallet count has returned to levels seen before Chainlink’s major rallies in 2024 and 2025. The growth also arrived while the broader crypto markets faced uncertainty.

Santiment said the rising Chainlink wallet count shows growing participation across the network. The firm explained that wallet growth measures how many people hold LINK rather than how many people trade it. As a result, the metric offers a clearer view of long-term interest in the project.

Most of these wallets hold small amounts of LINK. Even so, the rising number of holders shows more people are entering the ecosystem. The trend also suggests investors have continued accumulating LINK despite the weaker prices.

Chainlink remains one of the most widely used blockchain infrastructure networks. The project provides data services that help blockchain applications access information from outside networks. Companies and developers also use Chainlink technology in tokenized asset and real-world asset projects.

Chainlink Wallet Growth Gains Support From Institutional Demand

Institutional investors have also continued adding exposure to LINK. Market data showed Chainlink exchange-traded funds attracted $1.81 million in net inflows on Monday. The latest inflows pushed the total ETF assets to $101.21 million.

The ETF products launched on December 2. Since launch, they have not recorded a single day of net outflows. The trend shows investors have maintained exposure despite the recent market weakness.

The trader activity also increased across the derivatives market. CoinGlass data shows open interest rose more than 4% to $373.06 million. Futures trading volume reached approximately $480.8 million during the latest trading session.

At the same time, the funding rate moved from -0.0023% to 0.0024%. The positive reading shows that more traders expected the price to move higher. However, liquidation data shows that traders are still facing pressure. Long positions accounted for about $195,880 of the $269,290 in total liquidations.

LINK Price Approaches a Critical Level

Besides the Chainlink wallet growth, the coin is trading at $7.89, a 0.31% increase over the past 24 hours. The coin has remained below $8 after falling more than 11% over the last seven days. The decline has left Chainlink with a market value of roughly $5.73 billion. Meanwhile, the trading volume is down 4.48% to $326.4 million.

Chainlink is trading at a critical support zone after a sharp decline erased most of its May gains. The token now sits directly above the $7.86 support level that has repeatedly attracted buyers.

This area has acted as a floor since February and continues to define the current range. Therefore, bulls must defend this level to prevent a deeper breakdown. The latest rebound shows buyers have remained active despite the broader market weakness.

Above the current price, the first major resistance sits at $9.93. LINK rejected that zone several times during the recent recovery attempt. Consequently, buyers need to reclaim $9.93 before momentum can shift higher.

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