According to Lookonchain data, 54 newly created wallets from Binance withdrew a total of 2.08 million #LINK (approximately $30.28 million) in the last 7 days. This movement may suggest that “whales,” which are often associated with large cryptocurrency transfers, are accumulating LINK.

While the total amount of LINK withdrawn exceeds 2 million, a significant portion of the transfers involve more than 1 million LINK at a time. This situation strengthens the possibility that big investors are behind the transfers. LINK is the native token of Chainlink, the oracle network that enables smart contracts to securely access external data. The Chainlink network is critical for decentralized finance (DeFi) and other Blockchain applications. Despite the recent decline in the overall cryptocurrency market, the LINK price remains relatively stable. This may reflect investors' confidence in LINK's long-term potential.