TLDR
- Over the last 3 weeks, 31.05 million LINK tokens were sold by whales, coinciding with a price decline.
- Chainlink price started at $17.90 in late October and dropped to $12.61 by November 24, 2025.
- LINK price fluctuated between $14.05 and $16.36 throughout November, showing small recoveries.
- Inflows and outflows showed significant volatility in the first quarter of 2025, with large outflows observed.
- After April, inflows consistently outweighed outflows, supporting a rise in LINK price to over $25 in early August.
During the recent market dip that has sent many digital assets to their multi-month lows, Chainlink has recorded active market action. Market analysts have confirmed that more than 31M LINK tokens took part in whale movement over the last 3 weeks.
31 Million LINK Sold by Whales as Price Declines Follows a Dip
According to an observation by Ali Charts, a Chainlink whales chart shows the price trend of LINK over the past month, with a clear decline in value. The price started at approximately $17.90 at the end of October, dropping steadily until mid-November. During this period, whales redistributed or sold about 31.05 million LINK.
- Source: X
The Chainlink price fluctuated between $14.05 and $16.36, showing small recoveries. On November 24th, the price saw a slight rebound to $12.61. The whale activity corresponds with significant price drops, which reflect increased selling pressure. These price movements suggest active distribution by large holders of LINK, contributing to the downward trend. The overall trend shows a decrease in value over a shorter time, with a few short-term recoveries before the latest drop to lower levels.
Chainlink Price Tracks Changes in Inflow and Outflow
Ali Charts’ observation relates to the current market trends, as inflows and outflows have been actively seen. At the time of press, Coinglass data confirms an active trend since the start of the year. Initially, LINK price and net flow movements were volatile. During the first quarter, the inflows and outflows fluctuate, with periods of sharp spikes, indicating large outflows. The price of LINK during this period remained mostly below $20.
- Source: Coinglass
A notable change occurred around late April, when the net flow began showing more stability, with inflows consistently outweighing outflows. This shift in net flow appeared to support a rise in Chainlink price, which peaked above $25 in early August. However, after August, both inflows and outflows started to balance out, with a slight downward trend in the net flow. The Chainlink price followed a similar pattern, gradually decreasing to $13.14 by November 24, 2025. The net flow remained positive in November but with decreasing momentum.
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