Whale Wallet Analysis - Chainlink 

Whale Wallet Analysis - Chainlink 

By D3F1 | DeFi Box | 3 Aug 2020

Chainlink has been surging at an extraordinary rate over these past 3-months as the coin jumped by a total of almost 100%. The project came to the front of everybody’s attention as they started to integrate its decentralized oracle solutions into a number of high profile projects.

Previously, I had conducted a similar analysis on the Ampleforth whales and decided I should do another for Chainlink whales this time.

The Chainlink rich list is accessible on the Etherscan page for anyone to see. It shows a full list of the wallets sorted by the largest amount of LINK tokens held. 

Interestingly, it seemed that the top 20 LINK holders were all solely focused on just holding LINK and no other massive holdings. It is only until the 25th largest LINK whale until we start to see some other altcoins in the holdings.

Following is a list of hand-picked LINK whales that I found - I hope you find it interesting;

#1 Whale 

Rich List: 25th 
Wallet Address: link
LINK Holdings: 3.1M/ $21.9M USD
Total LINK Supply: 0.3109% 

Other notable DeFi Holdings: 

- 14.7M $OXT: ~ $2.67M USD - Started to buy as early as April 2020 and has been increasing his stacks weekly.
- 6M $BAT: ~ $1.5M USD - Likewise, he started to buy in April 2020 and has been growing his holdings. Additionally, it seems he has deposited some BAT into Compound Finance for lending.
- 390K $DAI: ~ $399K USD - His first DAI transaction on this wallet was in April 2020 as he also continuously increases his holdings. Interestingly, it does not look like he is lending his DAI for interest.

Whale #1 has bags mainly in Chainlink but has started to load up on Orchid, BAT, and DAI. This whale seems to trade on Gemini and is very aware of being able to lend his currency for interest.

#2 Whale 

Rich List: 31st 
Wallet Address: link
LINK Holdings: 2.322M/ $16.4M USD
Total LINK Supply: 0.2323%

Other notable DeFi Holdings: 

- 232.9K $RLC: ~$262.5K USD - Bought in one transaction in early Feb 2020 and has held ever since. 

Whale #2 is mainly interested in LINK with a small stake in RLC.

#3 Whale 

Rich List: 45th 
Wallet Address: link
LINK Holdings: 1.86M/ $13.26M USD
Total AMPL Supply: 0.1868%

Other notable DeFi Holdings: 

- 59.6K $ETH ~$19M USD -
- 10.37M $USDt ~$10.3M USD - First Tether transaction was as early as September 2019. 
- 5.5M $BUSD ~$5.5M USD - Started to load up on BUSD in October 2019.
- 3.287M $USDC ~$3.29M USD - Invested in October 2019 at the same as BUSD investment.
- 3.11M $ENJ ~$3.1M USD - Has shown interest as early as December 2019 and has increased his stake over the recent months.
- 94.8M $MATIC ~$1.92M USD - Started to invest in MATIC in early June 2020.
- 4.89M $ZRX ~$1.84M USD - First investment was in September 2019.
- 5.25M $BAT ~$1.3M USD - Bought 1 million BAT as the first transaction in September 2019.
- 545K $KNC ~$802K USD - Just started to show interest in KNC as recent as mid-July 2020.
- 17.8K $REP ~$367K USD -
- 225.9K $OMG ~$357K USD -

Whale #3 is a serious whale and investor. The majority of his holdings are in ETH and LINK but he has substantial wealth in a variety of stablecoins like USDT, BUSD, and USDC. Interestingly, he has a small stake in the ENJ gaming coin and a bunch of DeFi platforms like ZRX and KNC.

#4 Whale 

Rich List: 46th 
Wallet Address: link
LINK Holdings: 1.78M/ $12.7M USD
Total LINK Supply: 0.1786%

Other notable DeFi Holdings: 

- 3.4B $TMTG: ~$130M USD - The Midas Touch Gold- Began loading up in early June 2020.
- 1.5B $AOA: ~$18M USD - Aurora - Invested in June 2020.
- 892MK $XSR: ~$16.1M USD - Xensor - June 2020.
- 479M $WET: ~$13.6M USD - We Show Tokens - Invested very recently in June 2020 and has already amassed over $13 million.
- 5.7M $SXP: ~$8.7M USD - Swipe
- 810M $EGG: ~$7.6M USD - Nestree
- 3.9M $KNC: ~$5.86M USD - Kyber Network - 
- 27.4M $DAD: ~$5.8M USD - DAD -
- 614K $FNB: ~$2.9M USD - FNB Token
- 217K $REP: ~$4.4M USD - Reputation (Augur)
- 10.4M $MTL: ~$3.3M USD - Metal
- 182M $LAMB: ~$3.3M USD - Lambda
- 22M $FX: ~$1.8M USD - Function X
- 16.1M $ELF: ~$1.6M USD - ELF
- 871K $OMG: ~$1.38M USD - OmiseGo
- 75M $ANKR: ~$910K USD - Ankr Network
- 1.9M $BAT: ~$484K USD - Basic Attention Token

Whale #4 is a serious whale with a quarter of a billion in cryptocurrency assets. His biggest stash is in relatively unknown tokens such as Xensor, We Show Tokens, and The Midas Touch Gold. It seems that he opened this new wallet in June 2020 when he started to load up on the tokens.

#5 Whale 

Rich List: 47th
Wallet Address: link
LINK Holdings: 1.69M/ $12M USD
Total LINK Supply: 0.1698%

Other notable DeFi Holdings: 

- 127K $TUSD: ~$127K USD - Invested during March 2020

Whale #5 is clearly focused on Chainlink and is perhaps holding some profit in TUSD to re-buy later.

#6 Whale 

Rich List: 48th 
Wallet Address: link
LINK Holdings: 1.61M/ $11.5M
Total LINK Supply: 0.1617%

Other notable DeFi Holdings: 

- 455M $BEST: ~$42M USD - Invested into Bitpanda Ecosystem Token in July 2019 when he bought 1 billion tokens. Over time, he has sold and rebought as recent as June 2020.
- 128M $CHZ: ~$1.5M USD - Invested into Chiliz during Feb 2020.
- 507K $OMG: ~$802M USD - Long term holder of OMG and invested as early as Sep 2017. Over time, he has increased his stash quite significantly.
- 2.5M $BAT: ~$638K USD - Invested in BAT on the first of Jan 2020 and started to increase holdings in June 2020.
- 1.6M $ZRX: ~$606K USD - Invested as early as September 2017
- 19K $REP: ~$396K USD - 
- 146K $USDC: ~$396K USD - 
- 37K $USDT: ~$37K USD - 

Whale #6 has the majority of his holdings in BEST. This is followed by Chainlink and then Chilliz. He is also a long term OMG and ZRX holder who is quite evenly spread amongst lower percentage holdings.

#7 Whale 

Rich List: 53rd
Wallet Address: link
LINK Holdings: 1.27M/ $9M USD
Total LINK Supply: 0.1273%

Other notable DeFi Holdings: 

- 75K $ETH: ~$24M USD - 
- 10.89M $LEND: ~$2.8M USD - First bought 1.7M LEND tokens during Jan 2019 which were sold in June 2019. Interestingly, no profit was made in this trade. He would later start to load up on LEND in late June 2020.
- 30M $POWR: ~$2.64M USD - First bought during November 2018 and then February 2019 and has held ever since.
- 5.7M $ENJ: ~$972K USD - First bought May 2019 and signficantly increased stash July 2020.
- 302.4K $SNX: ~$938K USD - Started buying mid-Jul 2020 on KuCoin and Binance and has been loading up since. 
- 2.38M $ZRX: ~$898K USD - First bought 1.8M ZRX Jan 2019 and increased balance in May 2020 
- 3M $BAT: ~$754K USD - First bought March 2019 and then May 2019 and has held ever since.
- 452K $OMG: ~$715K USD - Invested in Jan 2019 and has held ever since.
- 899M $HOT: ~$688K USD - 
- 406K $KNC: ~$597K USD - First bought KNC in Jan 2019 which were sold in June 2019. He has recently re-entered as early as late June 2020.
- 1.1M $RDN: ~$306K USD - 
- 1.4M $VGX: ~$276K USD - 
- 12M $QSP: ~$275K USD - 
- 1.6M $REN: ~$264K USD - 
- 56M $FUN: ~$258K USD - 
- 892K $ENG: ~$242 USD - 
- 159K $RLC: ~$183K USD - Invested in late July 2020
- 717M $NPXS: ~$139K USD - 

Whale #7 is an interesting investor who likes the buy and hold strategy. His largest stash is ETH closely followed by LINK.

#8 Whale 

Rich List: 54th 
Wallet Address: link
LINK Holdings: 1.26M/ $9M
Total LINK Supply: 0.1269%

Other notable DeFi Holdings: 

- 19.6M $USDT: ~$19.7M USD - 
- 15.1K $ETH: ~$4.8M USD - 

Whale #8 is mainly holding USDT as his largest stash. This is followed by ETH and LINK respectively.

#9 Whale 

Rich List: 56th
Wallet Address: link
LINK Holdings: 1.111M/ $7.9M
Total LINK Supply: 0.1111%

Other notable DeFi Holdings: 

- 1.56K $ETH: ~$500K USD - 
- 19.9K $OMG: ~$31.5K USD - 

Whale #9 clearly has all his hopes set on Chainlink which was bought just in July 2020 at the same time OMG was invested. On top of this, he holds a fairly considerable amount in ETH.

#10 Whale 

Rich List: 60th
Wallet Address: link
LINK Holdings: 992K/ $7.1M
Total LINK Supply: 0.0992%

Other notable DeFi Holdings: 

- 48 $YFI: ~$148K USD - Invested on 1inch.exchange in late July 2020.
- 438K $BAT: ~$109K USD - Invested as early as February 2018 and has been loading up ever since.
- 1.56K $ETH: ~$500K USD - 

Whale #10 holds the majority of his wealth in LINK. However, he is starting to enter DeFi after investing in liquidity pools at yearn.finance. 


It seems that Chainlink holders are majorly focused on LINK itself rather than any other cryptocurrency. However, there is a small pattern of other cryptocurrencies that seem to pop up amongst all of these whales. 

In particular, Basic Attention Token seems to appear quite regularly as a large holding. In addition to this, stablecoins such as DAI and TUSD crop up quite regularly as well as legacy networks such as OMG and the DeFi protocol ZRX.


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