Large Chainlink wallets accumulated roughly 10.36 million LINK worth approximately $120 million after the token fell from around $13 to the $11.50 range, a decline of about 17% from its recent peak. One tracked wallet moved 2.41 million LINK, valued at about $26 million, to Coinbase over the prior month, a transfer that typically indicates potential selling intent. Chainlink’s strategic reserve added 91,100 LINK worth around $1.06 million, lifting its holdings to approximately 5.86 million LINK, or about $67 million at current prices; it accumulated 511,000 LINK over the month. The Grayscale GLNK ETF and Bitwise recorded inflows and direct LINK purchases, while Chainlink said its network had surpassed $30 trillion in cumulative transaction value enabled. Its Cross-Chain Interoperability Protocol, or CCIP (a system for connecting blockchains), recorded a 260% increase in transaction volume in recent weeks. Market participants are watching whether the wallets that bought during the correction begin sending tokens to exchanges, with the Coinbase deposit representing a potential source of overhead resistance. Even a complete sale of that position would be relatively small compared with the broader $120 million accumulation.