Chainlink’s non-empty Ethereum wallet count reached 900,000 for the first time, marking a historic milestone. The network added over 20,000 new holders in the past month despite persistent weakness in the broader altcoin market. This trend reflects growing long-term confidence rather than speculative buying, as investors continued accumulating LINK while prices remained well below previous highs. The expanding holder base reinforces Chainlink’s position as a leading infrastructure protocol supporting decentralized finance, tokenized assets, and cross-chain communication. However, derivatives traders maintained a cautious stance, with the 90-day Futures Taker Cumulative Volume Delta remaining seller-dominant, highlighting a contrast between long-term accumulation and short-term trading behavior.
Chainlink reached a historic milestone after the number of non-empty Ethereum wallets holding LINK climbed to 900,000 for the first time. According to the network, more than 20,000 new holders were added over the past month despite persistent weakness across the broader altcoin market.
The trend reflected growing long-term confidence rather than speculative buying. Investors continued accumulating LINK while prices remained well below previous highs, indicating that conviction stayed intact during an uncertain period.
The expanding holder base also reinforced Chainlink’s position as a leading infrastructure protocol supporting decentralized finance, tokenized assets, and cross-chain communication. Although adoption alone did not trigger an immediate rally, it strengthened the project’s long-term fundamentals.
Despite the record increase in wallet holders, derivatives traders maintained a cautious stance. The 90-day Futures Taker Cumulative Volume Delta (CVD) remained seller-dominant, showing that aggressive market sell orders continued outweighing market buys.
That divergence highlighted the contrast between long-term accumulation and short-term trading behavior. Long-term investors had continued increasing exposure while leveraged traders remained reluctant to chase higher prices.
Such positioning suggested many participants still expected additional consolidation before any sustained recovery emerged. Even so, the persistent seller dominance failed to erase the steady growth in Chainlink’s holder count.
At the time of analysis, Chainlink traded around $7.96 after recovering from the $7.00 support established earlier this month. Price remained below the key $8.18 resistance, leaving bulls with another barrier before any broader recovery could develop.
The Relative Strength Index (RSI) climbed to 52.51, while its moving average stood near 50.44. Those readings showed buying strength had improved from the oversold conditions recorded in June.
The Binance Liquidation Heatmap revealed several dense liquidity clusters positioned above the current price. The strongest concentration appeared around the $8.00 to $8.30 region, with additional liquidity extending toward $8.31.
