Grayscale Investments’s Chainlink (LINK) Holdings Hit New High as Price Falls Over 70%
Despite Chainlink's price dropping over 70%, Grayscale's LINK holdings reached a new high, signaling institutional confidence.Summary
Chainlink (LINK) has experienced a significant price drop of over 70% from its peak, yet Grayscale Investments' holdings of the token have climbed to a new record high, currently standing at approximately 5.258 million LINK, valued over $43 million as of February 2026, according to Arkham Intelligence.
This accumulation, which accelerated since December of the previous year, suggests strong institutional demand for LINK exposure, a sentiment echoed by LINK spot ETFs which have not recorded any negative net flows since their approval. This stability contrasts with other crypto ETFs and highlights confidence in Chainlink's role as critical infrastructure for DeFi and blockchain applications, including its use in Polymarket's prediction markets.
However, sustained selling pressure keeps market sentiment in 'extreme fear,' leading some analysts to warn that LINK might enter a prolonged sideways accumulation phase near its current undervalued level, similar to past cycles.
(Source：BeInCrypto)