Chainlink adds 6,182 wallets in two days, LINK price low

The Chainlink network recorded its strongest two-day period of user growth this year, adding over 6,000 new wallets on June 25 and 26, even as its native token, LINK, continued to trade near multi-month lows. This divergence between surging network adoption and subdued price action has drawn significant attention from market observers.

According to on-chain data provider Santiment, the network added 3,142 new wallets on June 25, followed by 3,040 on June 26, for a total of 6,182 new addresses. This represents the largest back-to-back daily expansion of the Chainlink network in 2026. Analysts note that a spike in new wallet creation during a price downturn often signals fresh capital entering the ecosystem, rather than existing users recycling funds, which can be an early indicator of accumulation.

The growth comes amid a challenging period for LINK's price. The token is trading around $7.20 to $7.37, down roughly 44% from a recent high near $13 and testing a key support zone that has held multiple times this year. Despite this weakness, other on-chain metrics show supportive signs. The Chainlink Reserve reportedly added over 593,000 LINK in June, worth more than $4.6 million,...