Whale accumulation, ETF inflows, and exchange outflows tighten LINK supply amid bullish on-chain data
Chainlink whales aren't slowing down in accumulating LINK tokens. Over the past month alone, large holders bought another 32.93 million LINK, pushing their combined holdings to nearly 46% of the token's total supply. At the same time, spot LINK ETFs now control almost 1.6% of supply, while the Chainlink Reserve has surged above 3.
Solv Protocol drops LayerZero and selects Chainlink CCIP to secure $700M in tokenized bitcoin across multiple blockchain networks.
Solv's migration to Chainlink CCIP highlights a growing trend towards enhanced security and reliability in DeFi cross-chain operations. Solv ditches LayerZero for Chainlink CCIP to secure $700+ million in wrapped Bitcoin assets.
It cited security as the core reason for the migration, in an apparent response to the recent exploit of LayerZero-powered Kelp DAO.
Chainlink completed a pilot with the Bermuda Monetary Authority to supervise digital assets in real time using blockchain tools. The project integrated CCIP, Proof of Reserve and Secure Mint to monitor multiple chains, verify collateral and control token issuance.
The combined migrations by Solv and Kelp shift nearly $1 billion in assets to Chainlink's CCIP, reflecting an industry "flight to quality."
Following a $300 million exploit on April 18, 2026, KelpDAO has publicly challenged LayerZero Labs' account of the incident, alleging that the bridge provider is deflecting blame for its own infrastructure failures.
KelpDAO blamed LayerZero's failure over recent attack and announced plans to migrate to Chainlink's CCIP.
With the second half of 2026 on the horizon, investors looking to profit from the cryptocurrency market may turn to select altcoins with the potential to convert modest investments into notable gains.
KelpDAO blames LayerZero's infrastructure failure after Lazarus Group drains 116,500 rsETH in April attack.
The protocol shift comes as a $71 million court fight continues to unfold.