Chainlink's LINK token has experienced a significant decline of 9% in value, primarily driven by a wave of intense selling pressure that has overshadowed Caliber's recent efforts to accumulate $2 million worth of the cryptocurrency. Despite Caliber's strategic investment, the market's overwhelming selling activity has ultimately prevailed, leading to a notable drop in LINK's price and reflecting the current volatile dynamics within the crypto market.
source: https://www.coindesk.com/markets/2025/10/17/chainlink-s-link-plunges-9-as-intense-selling-overpowers-caliber-s-usd2m-accumulation