An unidentified entity is suspected of accumulating 10% of the total LINK token supply through 48 linked wallets over a six-month period. On-chain analyst LinkBoi's investigation revealed that these wallets, each holding around 2 million LINK, were created between August and November 2025. All purchases were traced back to a single Coinbase hot wallet address, with transactions showing a consistent pattern across the wallets.
The entity amassed approximately 100 million LINK tokens, employing a strategy that avoided market disruption and price impact. Despite the significant accumulation, the entity's identity remains undisclosed.
Entity Accumulates 10% of LINK Tokens via 48 Wallets
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