On-chain analytics platform Lookonchain has reported that a whale has withdrawn a large amount of Chainlink (LINK) from Binance over the past three days.
According to the shared data, this whale withdrew another 100,000 LINK (approximately $2.95 million) from Binance just 6 hours ago.
A total of 529,999 LINKS were moved
In the last 3 days, the whale has transferred a total of 529,999 LINK from Binance to his personal wallet. The total value of this amount is around $15.5 million. The wallet address where the whale made the transactions:
0x3c9E………f757
Large investors (whales) withdrawing large amounts of assets from centralized exchanges is generally interpreted as a sign that selling pressure is decreasing and that assets are being held for the long term. Such moves could increase investors’ confidence in Chainlink and be seen as a sign of a potential price increase.
Impact on Chainlink price
Recently, the Chainlink (LINK) price has been drawing attention with market movements and institutional interest. While whale activities are closely monitored by crypto investors, transfers of this magnitude can be perceived as a positive signal in the market.
Stay tuned.
