A wave of aggressive buying has hit Chainlink ( LINK ), as on-chain data indicates whales are quietly scooping up millions of tokens despite recent market 0 to blockchain analytics firm Lookonchain , 30 newly created wallets have withdrawn 6.25 million LINK, worth approximately $116.7 million, from Binance since the market crash on October 1 to the October 20 data , The largest single wallet withdrew 1.34 million LINK, valued at over $25 million, while several others accumulated between $3 million and $6 million 2 accumulation! 30 new wallets have withdrawn 6,256,893 $LINK ($116.7M) from #Binance since the 1011 market 3 — Lookonchain (@lookonchain) October 20, 2025 Together, the 30 wallets now hold more than $116 million in LINK, marking one of the largest whale accumulation events for the asset this 4 suggests these whales, likely institutional, began accumulating LINK in large batches shortly after the market downturn, signaling a strategic move rather than routine 5 withdrawals are often bullish, as moving tokens off exchanges typically indicates long-term 6 trend has fueled speculation that whales are positioning for a potential Chainlink rally, especially as the protocol’s oracle services see growing adoption across major blockchain 7 price analysis Notably, this whale accumulation has impacted LINK’s 8 of press time, the asset was trading at $19.01, up over 10% in the past 24 hours, though it remains down about 1% on the weekly 9 has taken a hit from the recent market dip, with the current price below its 50-day simple moving average ( SMA ) of $21.56 but above the 200-day SMA of $17.69.
LINK seven-day price chart.) stands at 36.76, placing LINK in neutral territory but leaning toward oversold 10 image via Shutterstock
Story Tags

Latest news and analysis from Finbold