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11 newly created Ethereum accounts have withdrawn 1.56 million LINK , Chainlink protocol’s token, in the last three days from Binance.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.
Related article: Chainlink Reserve Hits 1 Million, Expert Calls for 1000% LINK Price Rally
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In the past 3 days, 11 newly created wallets have withdrawn 1.567M $LINK($19.8M) from #Binance.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.
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.
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.
