1,380,000 LINK Bought by whales during the dip: Load Bull Run?

Whales bought 1.38 million LINK during the dip as currency outflows increased. LINK is trading near $19, while S&P is partnering with Chainlink on stablecoin data.

Chainlink (LINK) is seeing renewed interest from major holders after a sharp price drop. During a recent drop to around $15, whale wallets added more than a million tokens.

LINK was trading around $19 at the time of writing, up 2% in the past 24 hours, but still down more than 13% in the past week.

Large containers increase exposure

According to analyst Ali Martinez, whale wallets holding between 100,000 and 1,000,000 LINK added a total of 1.38 million tokens during the recent dip. This activity occurred as prices fell in early October. This move suggests that larger investors are increasing their exposure during a period of weakness.

Whales bought 1.38 million Chainlink $LINK in the recent dip! pic.twitter.com/Veukc6K1rb

— Ali (@ali_charts) October 14, 2025

On-chain data shows a visible increase in whale balances, while LINK traded near local lows. Similar activity was seen earlier this year, when whale purchases between June and August were followed by a price increase to just under $27. The same group of holders appears to be active again, which can be seen as a response to the lower prices.

Furthermore, data from CryptoQuant shows a net outflow of 281,700 LINK from exchanges in the last period. This means that more LINK has been taken out of the trading platforms than is coming in. The timing coincides with the price drop, indicating that the drawdowns are not related to selling pressure.

Withdrawals of this size often indicate tokens being transferred to private wallets. When this happens during a bear market, it is typically associated with accumulation rather than liquidation. The absence of a large inflow in the same period supports the view that no large sales have taken place.

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Chainlink Expands Use Cases with S&P Global Ratings

Chainlink is also expanding its network beyond price feeds. S&P Global Ratings has done that announced a new partnership with Chainlink to bring its Stablecoin Stability Assessments (SSA) on-chain. These assessments will be available in real time, using Chainlink’s oracle technology to deliver data directly to blockchain applications.

Meanwhile, this move aims to make stablecoin data more accessible to users and developers. By partnering with S&P Global Ratings, Chainlink continues to build connections between traditional financial and blockchain tools.

The main resistance still holds

According to market analyst CRYPTOWZRD, LINK’s daily candle closed slightly bearish and the token remains below the $20 resistance. A move above this area could lead to a rise towards $30.00.

The analyst noted,

“A bullish breakout of this resistance will trigger an upside rally.”

LINK’s price is currently moving in line with general market conditions, with Bitcoin playing a role in driving sentiment. For now, short-term traders are keeping an eye on intraday levels to determine the next move.