Large Chainlink (LINK) holders are aggressively selling their holdings, fueling concerns about the token’s price stability. Recent data shows over $17 million in LINK was moved to Binance, indicating significant offloading from these whales. This activity has contributed to a 53% drop from peak values following an unprecedented sell-off by major entities. While some smaller investors remain relatively unaffected, experts are closely watching the market for potential price declines. Though Chainlink’s core team hasn’t issued statements on how this trend will impact their long-term strategy, significant historical trends suggest that whale exits often lead to sharp downturns in market sentiment. The lack of immediate responses from key figures like Chainlink leadership and prominent Key Opinion Leaders (KOLs) highlights the volatility of the situation. The implications for investors are clear: further price drops are possible if the selling trend continues, urging them to be cautious.