Key Notes
- One single address bought $10 million worth of LINK in the last three days, while 10 whale addresses hold the remaining $10 million of recent accumulation.
- Whales were spotted making large LINK withdrawals from 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 from the October 10th crash, when Chainlink traded for as low as $7.90 per token.
11 newly created Ethereum
ETH
$3 039
24h volatility:
1.4%
Market cap:
$367.11 B
Vol. 24h:
$15.68 B
accounts have withdrawn 1.56 million LINK
LINK
$12.63
24h volatility:
0.3%
Market cap:
$8.95 B
Vol. 24h:
$441.43 M
, Chainlink protocol’s token, in the last three days from Binance.
This accumulation pattern suggests whales are positioning themselves for a bullish move, currently holding around $20 million worth of LINK.
Lookonchain spotted the whale activity and accumulation pattern over the past three days (up to 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 high-depth order books.
In the past 3 days, 11 newly created wallets have withdrawn 1.567M $LINK($19.8M) from #Binance.
Wallets:
0xf440838830CC265DB72C81bfBa240E5A4cEb1CC4
0x3B89a89b1014A1a14F6cBc4a9306405Bb110f435
0x7E7a2942fB96254380f8635a11cd2651eEA91565
0xcbfDfED7d9FECD07ef1563db2a5a6fAF780A40cC… pic.twitter.com/2ZLJK6cSKt— Lookonchain (@lookonchain) December 22, 2025
Data from Etherscan shows that one of the 11 accounts holds roughly half of all recently acquired tokens, with 806,326 LINK valued at $10 million.
This account, address 0xf440838830CC265DB72C81bfBa240E5A4cEb1CC4, was activated on December 10 by withdrawing $10 worth of ETH but only started accumulating Chainlink on December 20 in four total withdrawals worth approximately $2.5 million each.
0xf440838830CC265DB72C81bfBa240E5A4cEb1CC4 onchain balance, as of December 22, 2025. | Source: Etherscan
Two addresses hold more than $2 million of LINK, four of them are carrying over $1 million of the token and the last four and holding Chainlink portfolios that go 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, having kept a low volatility during the weekend, with nearly unnoticeable one-day candlesticks on December 20 and December 21, when most of the newly created whales activity took place.
Chainlink (LINK) 1D price chart on December 22, 2025. | Source: TradingView/Binance
LINK traded as low as $7.90 during the historical October 10th crash, now recovered. Yet, the token is still going in a downtrend that started post-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 goes with a neutral momentum, trying to pick up strength while investors are back accumulating.
Ether, Ethereum’s native token, is showing similar signals of accumulation as ETH reclaims the $3,000 level.
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Vini Barbosa has covered the crypto industry professionally since 2020, summing up to over 10,000 hours of research, writing, and editing related content for media outlets and key industry players. Vini is an active commentator and a heavy user of the technology, truly believing in its revolutionary potential. Topics of interest include blockchain, open-source software, decentralized finance, and real-world utility.