Entity Swaps 4806 ETH for Chainlink Tokens
- Significant ETH to LINK swap affecting market liquidity.
- Potential impact on LINK price volatility.
- No official statements from major crypto figures.
On August 17, 2025, five cryptocurrency wallets exchanged 4,806 ETH for 938,489 LINK, equivalent to $21.23 million, suspected to be controlled by a single entity.
This significant transaction impacts Chainlink’s liquidity, potentially triggering short-term volatility and influencing broader market dynamics as traders reassess asset positions.
On August 17, 2025, five wallet addresses collectively swapped 4,806 ETH for 938,489 LINK. The large transaction amounted to approximately $21.23 million, making an immediate impact on Chainlink’s liquidity and price action. Entity swaps 4806 ETH for Chainlink tokens impacting liquidity
Five wallet addresses, believed to be controlled by a single entity, executed the swap at an average price of $22.62 per LINK. As per @OnchainLens analytics, the transaction has not been officially linked to any public figures.
“Five wallets likely controlled by the same entity spent 4,806 ETH (about $21.23M) to acquire 938,489 LINK at an average price of $22.62 per token.” – @OnchainLens, Blockchain Analyst, Arkham Intelligence.
The swap has perceptibly influenced Chainlink’s market, with potential liquidity concerns due to reduced LINK availability. This magnitude of financial activity often leads to volatile movements in the impacted asset price.
The financial implications are considerable, with $21.23 million involved. This transaction implies an ETH cost basis around $4,417 per ETH. It suggests strategies in market positioning and potential price movements for both ETH and LINK.
Historical whale accumulations similar to this have led to short-term price rallies followed by corrections. The heavily concentrated LINK purchase could encourage speculation and arbitrary movements among traders.
The ETH to LINK swap aligns with previous market trends where significant purchases precede short-lived price increases. Analysts observe that such events might increase institutional attention but do not always lead to long-term appreciation.
