Chainlink (LINK) Plummets 57%, Hitting New All-Time Low After Whale Sell-Off

A significant sell-off from large cryptocurrency holders has caused a dramatic price drop for Chainlink (LINK), leading to the token’s new all-time low of around $13. This follows an approximately 57% decline since the sales began in recent weeks, exceeding $2.2 billion in value. The selloff coincides with weakening market sentiment and has raised concerns about LINK’s short-term outlook despite long-term bullish projections.