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The number of Chainlink (LINK) wallets holding at least one LINK token rose to 535,430 addresses in the first week of June 2026, while the token’s price remained under bearish pressure around the $7.8 technical support zone. Over the last few days, exchange-traded funds (ETFs) tied to Chainlink recorded $1.81 million in net capital inflows.
In June 2026, on-chain metrics firm Santiment reported that the count of addresses holding at least one LINK token climbed to 535,430 wallets. The firm described this as the highest level of retail accumulation and new participants for the oracle protocol in the last three years.
Santiment said the steady increase in these non-micro wallets indicates a progressive accumulation process by investors with a long-term conviction perspective. This trend is occurring even though LINK is trading nearly 70% below the highs from its previous cycle.
The report also noted that, historically, expansion in a crypto asset’s user base often appears ahead of shifts in the market’s structural trend. In this context, the absorption of liquid supply by independent investors can reduce the amount of tokens available for trading on exchanges.
On the weekly chart, LINK is trading in the $7.8 support area, a demand zone that has repeatedly held since 2022. The asset is currently within a lower-volatility range bounded by the Bollinger Bands, consistent with persistent short-term selling pressure.
CoinGlass data showed open interest (OI) in Chainlink futures increased by 4% over the last 24 hours, reaching a total of $373.06 million. However, the weighted funding rate remained positive at 0.0024%, after a negative balance the previous day—an indication of a moderate entry of long positions.
TradingView market reports highlighted $7.8 as the critical threshold for maintaining the current accumulation structure. If buying pressure sustains that level, immediate resistance is expected in the $8.8 to $9.0 range, followed by the psychological level at $10.
Institutional commentary included a risk condition: a weekly close below $7.80 would invalidate the medium-term bullish setup and could trigger an additional correction in LINK’s price.
Alongside on-chain activity, LINK’s traditional investment footprint in the United States also showed momentum. LINK exchange-traded funds recorded $1.81 million in net inflows at the beginning of the week, lifting net assets under management for these structured products to a combined valuation of $101.21 million by the close of the trading session.
The implementation of the DTCC’s tokenization commercial operations, scheduled for October, was cited as a potential decisive event for validating the ecosystem’s technical utility during the second half of the year.
