Key notes
- A single address purchased $10 million worth of LINK in the last three days, while 10 whale addresses hold the remaining $10 million from the recent accumulation.
- Whales have been spotted making large LINK withdrawals on Binance, Chainlink’s most liquid market, with over 7% of its total volume.
- LINK is currently trading at $12.67, still in a downtrend that dates back to the October 10 crash, when Chainlink was trading at just $7.90 per token.
11 newly minted Ethereum
ETH
$2,936
24h volatility:
0.4%
Market capitalization:
$354.26 billion
Flight. 24h:
$9.69 billion
accounts withdrew 1.56 million LINK
LINK
$12.36
24h volatility:
0.5%
Market capitalization:
$8.75 billion
Flight. 24h:
$267.04 million
the Chainlink protocol token, over the last three days from Binance.
This accumulation pattern suggests that whales are positioning themselves for a bullish move, currently holding around $20 million worth of LINK.
Lookonchain spotted whale activity and accumulation pattern over the past three days (until December 22), based on data from Arkham Intelligence.
Binance is the most liquid market for trading Chainlink’s token, accounting for over 7% of LINK’s volume, with very deep order books.
Over the last 3 days, 11 newly created wallets withdrew 1.567 million $LINK($19.8 million) #Binance.
Wallets:
0xf440838830CC265DB72C81bfBa240E5A4cEb1CC4
0x3B89a89b1014A1a14F6cBc4a9306405Bb110f435
0x7E7a2942fB96254380f8635a11cd2651eEA91565
0xcbfDfED7d9FECD07ef1563db2a5a6fAF780A40cC… pic.twitter.com/2ZLJK6cSKt– Lookonchain (@lookonchain) December 22, 2025
This account, address 0xf440838830CC265DB72C81bfBa240E5A4cEb1CC4, was activated on December 10 by withdrawing $10 worth of ETH, but only began accumulating Chainlink on December 20 in four total withdrawals worth approximately $2.5 million each.
0xf440838830CC265DB72C81bfBa240E5A4cEb1CC4 balance on chain, as of December 22, 2025. | Source: Etherscan
Two addresses hold over $2 million worth of LINK, four of them hold over $1 million worth of token, and the final four hold Chainlink wallets ranging from $400,000 to $610,000 at the time of writing.
Chainlink (LINK) Price Analysis
Chainlink’s protocol token is currently trading at $12.67 per unit, after maintaining low volatility over the weekend, with almost imperceptible one-day candlesticks on December 20 and 21, when most of the newly minted whale activity took place.
Chainlink (LINK) 1D price chart on December 22, 2025. | Source: TradingView/Binance
LINK traded as low as $7.90 during the historic October 10 crash, now recovered. Yet, the token is still following a downward trend that began after the crash, trading below the 50-day exponential moving average (1D50EMA), an important trend indicator for financial assets and crypto.
Looking at its relative strength index (RSI), Chainlink is following neutral momentum, trying to gain strength while investors accumulate again.
Ether, the native token of Ethereum, is showing similar accumulation signals as ETH reclaims the $3,000 level.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Vini Barbosa has been covering the crypto industry professionally since 2020, summarizing over 10,000 hours of researching, writing and editing related content for media outlets and major industry players. Vini is an active commentator and avid user of technology, sincerely believing in its revolutionary potential. Topics of interest include blockchain, open source software, decentralized finance, and real-world utilities.
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