Chainlink whales have accumulated nearly 33 million LINK tokens over the past month, signaling increased interest from large holders. Blockchain analytics platform Santiment reported that wallets holding between 100,000 and 10 million LINK added approximately 32.93 million tokens, marking a 7.7% rise in holdings among these cohorts. This accumulation occurred during a period of relatively stable price action, suggesting strategic buying by whales. In parallel, institutional exposure to Chainlink has grown, with spot LINK ETFs now holding close to 1.6% of the circulating supply. Grayscale Investments reported net inflows of $533,000 into its spot Chainlink ETF, bringing its total assets under management to $93 million. Analysts are closely monitoring whether LINK can break above the $25 resistance level, as the token's price has gained roughly 8% over the past month amid these developments.