Key Insights:
- Whale wallets reduced LINK holdings by over two million tokens within seven days, data shows.
- LINK price stayed near $13 despite heavy whale selling and low liquidation activity.
- Low leverage and stable volume suggest traders remain cautious amid shifting whale positions.
Large Chainlink holders have reduced their wallets by more than 2 million LINK in the past week. A chart shared by Ali Charts, titled “LINK Held by Whales,” tracks this movement. The data shows a fall in total whale-held LINK from around 154 million to just over 151 million over a 9-period timeline.
The most visible decrease came early in the period, with steady reductions afterward. Small increases are seen at two points, but these did not reverse the broader trend. The drop points to clear selling by large addresses.
This pattern has led to fresh attention on whale behavior. Some traders are now watching for signs of further unloading or a shift in strategy. The timing of these sales raises questions about large holder confidence in current price levels.
LINK Price Holds Steady
Chainlink was priced at $13.19 today, showing a small 0.1% rise in the past 24 hours and a 0.52% increase over the last seven days. Daily trading volume stands at $314.8 million. Despite the recent whale selloff, the price has not shown sharp changes.
The flat movement suggests that the selling may have been absorbed by ongoing market demand. It may also point to disciplined selling over time instead of one-off events. The lack of a major price swing suggests stable activity from other holders.
While whale sales often bring price pressure, LINK has avoided large drops during this period. Market participants appear to be responding with caution rather than panic.
Liquidation Levels Stay Low
Liquidation data from Coinglass shows low figures for both sides of the market. Long liquidations are at $4.6K, and short liquidations are at $2.58K. These are among the lowest seen in recent months.
One of the last large liquidation spikes occurred in mid-October, driven by a sharp move against long positions. Since then, traders have kept lower exposure, and no similar spikes have appeared.
The lack of forced selling, despite the shift in whale positions, shows that most traders are not highly leveraged. With fewer liquidations, LINK’s price remains less volatile, even as big wallets reduce exposure.
LINK’s Real-World Value Trend
A separate chart shared by 8BitSam_ compares the value of 1 LINK to the number of Big Macs it could buy. This chart shows LINK’s real-world purchasing power from 2018 to projected values into 2026.
LINK’s value grew strongly from 2018 to 2021, peaking at over 3.5 Big Macs per token. It dropped sharply in 2022 but began rising again through 2023 and 2024. A dip in 2025 was followed by a slight rise in the early 2026 data.
While the Big Mac comparison is playful, it offers a simple view of LINK’s price trend over time. As one comment puts it, “$LINK looks bullish on the only chart that matters…” The data suggests LINK is holding value despite recent large wallet sales.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Source: https://coincu.com/analysis/big-wallets-sell-2m-link/