Chainlink (LINK) whales have accumulated over 800,000 tokens during the recent market downturn, indicating sustained confidence despite a significant price drop from August highs. Currently, LINK is trading at $1.484, with technical indicators showing the price below key averages and weak support levels. Analyst Ali highlighted increased trading volume during both market rallies and selloffs, with the most notable spike occurring during the late August peak. This data suggests ongoing consolidation as market participants reassess the token's fair value following rapid price fluctuations.