Crypto Whale Spends $5.37M to Accumulate 422K LINK in Fresh Trade

On December 1, 2025, a cryptocurrency whale identified by wallet address 0xa96b executed a significant market move, spending 5.37 million USDT to purchase 422,064 LINK at an average price of $12.72. On-chain tracker Lookonchain reported the transaction approximately seven hours after execution, noting it was conducted through multiple orders via decentralized aggregation tools, indicating a clear intent for large-scale accumulation.

The wallet has a history of swing trading LINK since October 11, completing six trades with a 67% win rate. However, despite four profitable trades, the overall performance shows a total loss of $1.24 million, primarily due to two oversized positions that incurred losses exceeding $1.3 million, while wins yielded only $20,000 to $70,000 each.

Market reactions have been mixed, with some traders viewing the purchase as a confidence signal in Chainlink near the $12-$13 range, while others pointed to the wallet's negative long-term performance as a caution against equating large buys with "smart money." As one commentator noted, discipline often matters more than conviction in volatile markets like LINK.

This trade does not alter Chainlink's broader market structure, with LINK continuing to trade in a range between $12 and $15, but it underscores that large players remain active and that risk management is crucial in cryptocurrency trading.