A recent on-chain discovery is drawing attention in the community: an extremely unusual $LINK accumulation pattern has emerged, suggesting that a single entity may have quietly amassed approximately 100 million LINK, equivalent to 10% of the total supply, between August 2025 and January 2026.
The story begins when @LinkBoi777 analyzed the 100 largest LINK wallets and noticed that many wallets held almost identical amounts of LINK – approximately 2 million LINK each – and owned no other assets.
Initially, only about 8-9 wallets were detected, but as the analysis expanded, the actual number rose to 48 wallets with almost identical structures and transaction behaviors.
SIGNS THAT INDICATE THE SAME SUBJECT
Each wallet holds approximately 2 million LINK.
All wallets were created between August and November 2025.
All purchases originated from the same Coinbase hot wallet.
Most importantly: the trading heatmap shows that wallets bought LINK on the same days, with a recurring pattern over several months.
Despite minor differences in the initial phase (due to different wallet creation times), from September 2025 onwards, the accumulation behavior will be almost perfectly synchronized. This level of coordination is highly unlikely if the wallets belong to independent individuals.
WHY ISN'T LINK PRICE INCREASING SHARPLY?
The answer lies in the execution strategy. This entity Chia its position, used anonymous wallets, and capitalized on a specific moment: the market crash on October 10, 2025.
According to Raoul Pal (CEO of Real Vision), at that time many market makers could not access the API, while panic selling increased due to geopolitical concerns. Market liquidation became unusually abundant, creating ideal conditions to absorb large amounts of supply without driving up prices.
It's no coincidence that 39 out of 48 wallets were created during this period.
COULD AI BE THE MASTERMIND BEHIND THIS?
Chainlink Labs is unlikely to be involved, as the supply chain they hold has been publicly disclosed. A wealthy individual with a net worth exceeding $1 billion is also highly improbable.
More logical candidates are large organizations like BlackRock or JPMorgan – entities that are actively deploying tokenization, CCIP, and on-chain financial infrastructure, where LINK plays a core Vai .
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