800,000 LINK Bought by Whales as 5.5M Tokens Exit Exchanges

TL;DR Whales holding 100K–1M LINK added 800K tokens as the price dipped near $21.5. Exchange balances fell 5.5M LINK in 24 hours, extending steady withdrawals since ￰0￱ addresses recovered from 4K to 5.8K, hinting at renewed participation despite a weak ￰1￱ Accumulate as Price Weakens Chainlink (LINK) whales added to their holdings during the latest price ￰2￱ Ali Martinez reported that addresses holding between 100,000 and 1,000,000 LINK increased their balances by more than 800,000 tokens as the price slipped toward $21. Wallets in this range now control about 179.45 million ￰3￱ wrote, Over 800,000 Chainlink $LINK bought by whales in the recent dip! ￰4￱ — Ali (@ali_charts) September 23, 2025 Interestingly, toward the end of last week, similar wallets added nearly 2 million LINK in just 48 hours, as CryptoPotato ￰5￱ that time, the asset traded close to $24, with price action staying stable despite heavy ￰6￱ Balances Fall With Heavy Withdrawals In the same period, around 5.5 million LINK left exchanges in 24 ￰7￱ shows a sharp decline in supply on trading platforms, alongside a spike in outflow activity. 5.50 million Chainlink $LINK withdrawn from crypto exchanges in 24 hours! ￰8￱ — Ali (@ali_charts) September 22, 2025 LINK has retreated from late August highs near $26–27 and now trades closer to $21.

Despite this, exchange balances have been trending lower since July, pointing to steady ￰9￱ tokens from exchanges is usually linked with long-term storage in private wallets, which reduces immediate selling pressure. Additionally, on-chain data from CryptoQuant places current active addresses at 5,800, with a price of around $21.8. Both metrics have fallen since late August, when active addresses reached nearly 8,000 and LINK traded above $26.