👉👉Binance’s Altcoin Whale Hasn’t Stopped for Three Days: Withdrawn $15 Million👈👈
On-chain analytics platform Lookonchain announced that a whale has withdrawn a large amount of Chainlink (LINK) from Binance in the last three days.$LINK
According to the data, this whale withdrew another 100,000 LINK (about $2.95 million) from Binance just 6 hours ago.
A Total of 529,999 LINK Transferred
In the last three days, the whale transferred a total of 529,999 LINK from Binance to his personal wallet. The total value of this amount is about $15.5 million. The wallet address where the whale is trading is as follows:
0x3c9Ea5C4Fec2A77E23Dd82539f4414266Fe8f757
Generally, when large investors (whales) withdraw large amounts of assets from centralized exchanges, it is interpreted as an attempt to store the assets for long-term holding and that the selling pressure is decreasing. Such movements may indicate that investors' confidence in Chainlink is increasing and may be considered as a harbinger of a possible price increase.
Effects on Chainlink Price
Recently, the Chainlink (LINK) price has been drawing attention with market movements and increasing institutional interest. Whale movements are closely monitored by crypto investors and such large transfers can be perceived as a positive signal in the market.
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