Crypto Whale Acquires $21.23M in LINK Tokens
- Whale acquisition of 938,489 LINK tokens using 4,806 ETH.
- Chainlink’s price surged 12% post-buy.
- Highlights increased whale interest in Chainlink and Ethereum.
A smart whale spent 4,806 ETH, approximately $21.23 million, to acquire 938,489 LINK tokens, marking a notable accumulation event on August 17, 2025.
This acquisition highlights significant interest in Chainlink, triggering a 12% price increase and enhancing market liquidity while reflecting strong institutional involvement in the cryptocurrency market.
A prominent crypto whale spent 4,806 ETH, approximately $21.23 million, on 938,489 LINK tokens at an average rate of $22.62. This substantial purchase marked an important whale accumulation event in the cryptocurrency market landscape.
Five wallets, connected by blockchain analysts, were likely operated by a single entity. The lack of official statements from Chainlink highlights the anonymity usually maintained by large-scale investors in the crypto ecosystem. The activity is visible on the Arkham platform, which is prime for whale tracking.
Chainlink’s market price increased by over 12% within 24 hours after the accumulation. Both LINK and Ethereum on-chain activities reached significant highs, exhibiting enhanced market momentum clearly driven by whale investments.
The substantial ETH to LINK swap suggests a notable preference shift towards LINK among institutional investors. Ethereum maintains its reputation as a core asset, evidenced by consistent inflows amid broader market trends.
The strategic purchase has yet to prompt any major regulatory or official responses. Community sentiment remains optimistic, speculating on potential valuation gains for both LINK and ETH. Historical patterns of whale activity often result in volatility spikes and sustained bullish trends for these assets.
The transaction underscores the continued institutional recognition of Chainlink’s role in decentralized finance.
5 likely-linked wallets spent 4,806 ETH ($21.23M) to buy 938,489 LINK at $22.62 avg; all activity visible on Arkham, prime for whale tracking. — @OnchainLens, Blockchain Analyst
