Massive ETH Swap for Chainlink Tokens: Impact on Liquidity and Market Dynamics

On August 17, 2025, a substantial Ethereum (ETH) to Chainlink (LINK) swap took place involving five cryptocurrency wallets. The transaction amounted to approximately $21.23 million, resulting in the transfer of 4,806 ETH for 938,489 LINK tokens. This significant exchange likely impacts LINK’s liquidity and market dynamics, potentially leading to short-term price volatility as traders reassess their positions.