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Two Linked Wallets Withdraw $7.17M in Chainlink From Binance

Blockchain data reveals multiple whale wallets continue heavy Chainlink accumulation, with recent Binance withdrawals totaling millions and combined holdings nearing 322,000 LINK in one address alone.

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Fact Check
Multiple sources, including Binance Square, blockchain.news, and ainvest.com, directly corroborate the statement. Evidence from Binance Square and blockchain.news explicitly mentions that two linked wallets withdrew 327,465 LINK, valued at approximately $7.17M, from the Binance exchange.
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Summary

Blockchain tracker Arkham reported that a whale address recently withdrew 43,133 LINK, valued at $1.04 million, from Binance, increasing its total holdings to around 321,360 LINK worth $7.77 million. This follows earlier reports from August 17 in which two whale addresses—0x4eb and 0xa36—removed over 890,000 LINK valued at more than $21 million from Binance in a two-day period, continuing a month-long accumulation trend exceeding $28 million overall.

Terms & Concepts
  • Chainlink (LINK): A decentralized oracle network that enables smart contracts to securely connect to off-chain data sources, APIs, and payment systems.
  • Binance: A leading global cryptocurrency exchange that facilitates trading a wide range of digital assets, including Chainlink.
  • Wallet: A digital tool used to store and manage cryptocurrencies, consisting of private and public keys that enable sending and receiving digital tokens.