Whale moves 198,300 LINK worth $2.3 million to Coinbase, may sell

A whale that previously bought 198,300 LINK worth $2.3 million from Cumberland transferred the tokens to Coinbase, adding potential sell-side pressure and contributing to a pullback in LINK's price. Onchain Lens flagged the transaction. Despite the move, the broader market recorded $8.35 million in net spot outflows, which the report characterized as indicating stronger overall demand.

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