Whale Withdraws 25,600 SOL From Binance — About $4.94 Million

Onchain Lens reports two major withdrawals of Chainlink tokens totaling over $21 million from Binance, indicating continued large-scale accumulation by whale addresses.

SOL
LINK

Summary

On August 17, Onchain Lens reported that whale address 0x4eb withdrew 721,294 LINK tokens worth $17.44 million from Binance over the past two days. Another whale address, 0xa36, withdrew 169,615 LINK worth $4.16 million. Over the last month, this second whale has accumulated 275,002 LINK valued at $6.65 million.

Terms & Concepts
  • Whale: A large holder of a cryptocurrency whose transactions can affect market liquidity and price.
  • Binance: A global cryptocurrency exchange where users can trade a wide range of digital assets.
  • LINK (Chainlink): The native cryptocurrency token of the Chainlink decentralized oracle network, used to pay for data services on the network.