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Whale Withdraws $2.73 Million in LINK Tokens from Binance

According to Onchain Lens, a major holder has pulled 361,118 LINK from Binance, totaling $31 million in withdrawals over the past four days.

LINK

Fact Check
The statement is directly confirmed by one of the provided sources. Specifically, the article from coindoo.com states, 'Another whale withdrew 124,856 LINK ($2.73 million) from Binance'. While other sources discuss different large LINK withdrawals from Binance, providing corroborating context of such activity, this source explicitly matches the amount in the statement.
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Summary

Onchain Lens reported that a whale address has withdrawn 361,118 LINK tokens worth about $8.77 million from Binance. This brings the whale’s total withdrawals from the exchange in the last four days to approximately 1.29 million LINK, valued around $31 million. The action continues a pattern of significant whale accumulation in Chainlink’s market.

Terms & Concepts
  • Whale: An entity holding a large amount of cryptocurrency, whose transactions can influence market dynamics.
  • LINK: The native token of the Chainlink network, used to pay for oracle services and incentivize data providers.
  • Binance: A major global cryptocurrency exchange where users trade and move digital assets; on-chain withdrawals indicate tokens leaving the platform.