Chainlink Whales Withdraw $9.82 Million as LINK Price Surges 12%

Large movements of Chainlink (LINK) tokens have triggered a significant market reaction, with over 400,000 LINK—worth approximately $9.82 million—withdrawn from Binance within a 24-hour period. The activity, monitored by The Data Nerd on August 17, was attributed to four major addresses, signaling a strategic shift among high-net-worth investors [1]. The most substantial withdrawal involved a single address moving 327,465 LINK, valued at around $7.17 million, after a month of inactivity. This address now holds a total of 590,056 LINK, valued at roughly $12.9 million [1].

The withdrawals coincided with a 12% increase in the price of LINK within 24 hours, according to CoinMarketCap data. Over the past 30 days, the token has risen by 43.74%, reaching a market capitalization of $17.28 billion [1]. Analysts suggest that the movements are more indicative of accumulation and long-term positioning rather than short-term profit-taking. The trend points to growing confidence in Chainlink’s role within the decentralized finance (DeFi) ecosystem, particularly as institutional interest and adoption continue to rise [1].

While whale activity is often seen as a bullish signal, experts caution that the broader market remains subject to volatility. Regulatory developments and macroeconomic factors could influence Chainlink’s trajectory in the coming months [1]. The open-ended supply model of LINK, with no maximum supply cap and a current circulating supply of 678 million tokens, continues to shape investor sentiment and price speculation [1].

The timing of the withdrawals aligns with a broader rally in the altcoin market during July and early August 2025, as Ethereum and other major tokens experienced significant gains. This suggests that high-net-worth investors may be rebalancing their portfolios in anticipation of upcoming market cycles [2]. The move also highlights the ongoing impact of whale behavior on market psychology, where large-scale transactions can drive both liquidity shifts and speculative momentum [2].

Chainlink’s recent price performance appears to build on a trend of resilience seen earlier in 2025, supported by network upgrades and expanding use cases in blockchain applications. The current price jump reflects continued optimism about the token’s long-term potential, though traders are encouraged to remain cautious in the face of market uncertainties [2].

Source: [1] Over 400,000 LINK Withdrawn by Chainlink Whales, Price Jumps 12% (https://coinmarketcap.com/community/articles/68a2a25a1ef5bf7de6c0622f/)

[2] Ethereum Leads as Altcoin Rally Reshapes July's Crypto ... (https://www.coinlive.com/news-flash/872998)