Chainlink (LINK) has declined to $20.4 following significant whale activity, with approximately $8.17 million in LINK sold over the past week. Two large transactions, totaling 397,084 LINK, have contributed to the downward pressure on the cryptocurrency. On-chain data from CryptoQuant and Coinalyze indicates a seller-dominated market, highlighted by a negative Buy–Sell Delta of $1.5 million and increasing exchange inflows. Traders are closely monitoring the $20 support level, with a daily close above $22.2 seen as a potential signal for a reversal. The current market dynamics suggest heightened volatility as investors react to these large-scale sales.