According to ChainCatcher, blockchain data analysis platform Lookonchain detected a striking on-chain activity: a whale address withdrew 65,000 LINK from Binance in just one hour, worth about $1.81 million. This operation is not an isolated incident. The address has withdrawn a total of 594,998 LINK from Binance in the past four days, with a total value of about $17.31 million.

This series of large withdrawals has attracted market attention, and investors have speculated on the intentions behind it. Is it confidence in the future trend of LINK, or is there another strategic layout? In any case, this large-scale on-chain activity has undoubtedly added new uncertainties to the market.