Whale Sell-Offs Impact Chainlink Price, But Stability Remains

Recent sell-offs by substantial holders of Chainlink (LINK) tokens have caused concern about price stability. Despite exceeding $13, LINK’s price remains relatively steady between $12.42 and $13.16, but the continuous selling pressure from whales raises questions about its future performance. The recent whale activity has triggered a notable outflow of LINK from exchange wallets, according to Coinglass data. While market sentiment remains uncertain, it appears that smaller investors or market makers are stepping in to offset some of the sell-off pressure.