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ChainLink Jumps 14% as Whales Accumulate $116M Worth of LINK Tokens Since Crash

The token's rise comes amid fresh onchain accumulation, new institutional partnerships, and Chainlink Labs’ push into real-world asset infrastructure.

Oct 20, 2025, 9:57 a.m.
Chainlink CEO and co-founder Sergey Nazarov
Chainlink CEO and co-founder Sergey Nazarov (Jesse Hamilton/Modified by CoinDesk)

What to know:

  • Thirty new wallets have withdrawn 6.26 million LINK ($116.7 million) since Oct. 11, signaling accumulation by high-net-worth investors, according to Lookonchain.
  • Chainlink’s third-quarter review highlights partnerships with Swift, DTCC, Euroclear and a pilot with the U.S. Department of Commerce to bring government data on-chain.
  • Chainlink maintains dominance in the oracle sector with $62 billion in total value secured, commanding a 62% market share, well ahead of Chronicle’s $10 billion TVS, according to DeFiLlama data.

Chainlink’s native token, LINK, rose 13.6% over 24 hours on Monday as it led the way for a wider crypto recovery following last week's leverage-inspired move to the downside. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, added 4.2% in the same period.

On-chain analyst Lookonchain reported that 30 new wallets had withdrawn a total of 6,256,893 LINK ($116.7 million) since Oct. 11, signaling accumulation from high net worth entities.

STORY CONTINUES BELOW
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In its third-quarter review released on Friday, Chainlink Labs detailed several major deals and technology milestones driving renewed investor optimism. The network announced collaborations with interbank message system Swift, U.S. financial system clearing company Depository Trust and Clearing Corp. (DTCC) and European equivalent, Euroclear, alongside a pilot with the U.S. Department of Commerce to bring government data on-chain.

The report also outlined Chainlink’s broader platform vision, evolving from a decentralized oracle provider into a full-stack infrastructure layer for tokenized and real-world assets.

DefiLlama data shows that ChainLink still dominates rival networks in terms of oracle capacity, with $62 billion in total value secured (TVS) equating to 62% of the market. The nearest competitor is Chronicle with $10 billion TVS.

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  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
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Bhutan Debuts TER Gold-Backed Token on Solana

Buddha point, Thimphu, Bhutan (Passang Tobgay/Unsplash)

The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City.

Lo que debes saber:

  • Bhutan introduced TER, a sovereign-supported gold-backed token issued via Gelephu Mindfulness City and custodied by DK Bank, offering a blockchain-based representation of physical gold.
  • The token runs on Solana, giving international investors digital portability and on-chain transparency while mimicking the experience of traditional gold purchases.
  • TER follows Kyrgyzstan’s USDKG launch, highlighting a growing trend of smaller nations issuing asset-backed digital currencies tied to audited reserves as part of broader economic and technological strategies.