Chainlink Whale Selloff Spurs Concerns as Price Drops 15%  

• Chainlink whales sold over 4 million tokens in 48 hours, contributing to a 15% price drop.  
• The broader crypto market’s decline, triggered by trade war concerns, adds pressure to Chainlink’s performance.  
• Despite the selloff, Santiment’s data shows a surge in buying activity below $20, fueling speculations of a rebound.

Chainlink (LINK) experienced significant selling pressure on February 5, 2025, as whales dumped over 4 million tokens into exchanges. This move raised alarms among investors, especially as the broader crypto market struggles with downward momentum.

On-chain data from crypto analyst Ali Martinez revealed that in just 48 hours, LINK whales sold 4.13 million tokens, which has contributed to a notable decline in the coin’s price.

Whale Activity Causes Market Turmoil

The massive selloff by Chainlink Whales has raised serious concerns about the future of the asset. When large holders liquidate their positions, it often signals a loss of confidence in the asset. Consequently, the market reacts with increased selling pressure, which amplifies the downturn.

In addition to the token dump, reports surfaced of a smart whale offloading 161,463 tokens after securing a 200% profit. These actions have intensified bearish sentiment, further dragging down LINK’s price.

Broader Market Decline Impacting LINK

The global cryptocurrency market experiences negative forces alongside Chainlink whales. Major digital currencies and Bitcoin have witnessed falling prices which has resulted in a decline across the whole market. Recent trade war speculations together with new Trump administration tariffs created added uncertainty for the market. Through a 30-day delay traders and investors see disruptive potential as the main market threat posed by these new tariffs.

The price of Chainlink declined by almost 2.5% during writing to reach a position of $19.58. Between $19.37 and $21.26 the coin’s price moved during the day’s trading session although it remained within the negative market trend.

LINK has received substantial purchase activity from stakeholder groups according to data from Santiment. The increased on-chain transactions below $20 have captured attention as some investors consider this period as a suitable time to purchase Chainlink.