Grayscale's Chainlink Holdings Hit New High as Price Falls Over 70%

Chainlink (LINK) has plunged more than 70% from last year’s peak while Grayscale Investments’ holdings climbed to a new high. The firm’s balance topped 5 million tokens in February 2026 and currently stands at about 5.258 million LINK, valued at over $43 million.

Accumulation picked up in December, with Grayscale buying 4 million LINK as the token slid from $15 to $7.2. Spot ETFs offering LINK exposure have shown steady inflows since receiving regulatory approval, never recording a day of negative net flows. Although the average daily total net inflow stays below $1 million, the absence of outflows suggests persistent investor demand.

Chainlink’s utility as a provider of data feeds for DeFi and other blockchain applications, along with its use as infrastructure for five-minute prediction markets on Polymarket since February 2026, helps explain institutional interest; Polymarket’s monthly notional volume reached more than $7 billion.

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