Whale deposits 620,420 LINK worth $7.6 million into Coinbase

  • An unidentified wallet deposited 620,420 LINK into Coinbase on Sept. 7.
  • The transfer was valued at roughly $7.6 million.
  • The wallet sent 2.41 million LINK to Coinbase over three weeks after withdrawing from Binance.

An unidentified wallet deposited another 620,420 LINK, valued at roughly $7.6 million, into Coinbase on Sept. 7, bringing its three-week transfers to the exchange to 2.41 million LINK worth about $26.04 million. Onchain Lens identified the address as 0xF5B007a6341AcC8CfEC581d8A1c5560bC19d9650 and said it had accumulated the tokens from Binance before moving them to Coinbase. Exchange deposits can precede sales or other transactions, but blockchain data does not confirm that the LINK was sold. LINK traded near $13.07 after rising about 7.1% in the latest session, while Chainlink continued expanding its oracle and Cross-Chain Interoperability Protocol services.

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