Two Wallets Withdraw $2.9M in Chainlink From Exchanges

Two Wallets Withdraw $2.9M in Chainlink From Exchanges

Two newly created wallet addresses have withdrawn over 307,000 LINK worth $5.21 million in recent days, signaling sustained accumulation by large holders.

LINK

Fact Check
The statement is strongly supported by multiple, highly relevant sources. A crypto-focused news article from Blockchain.news provides a direct and detailed account, stating that 'new wallets withdrew 187,500 LINK tokens, valued at approximately $2.9 million.' This aligns perfectly with the claim. Furthermore, a guide from the crypto exchange Bitget explicitly corroborates the key details, mentioning that 'Two addresses accumulate 187,500 LINK, worth approximately $2.9 million.' The credibility of this information is reinforced by other sources, such as Spot On Chain and Yahoo Finance, which confirm that on-chain analytics firms (like Spot On Chain and Lookonchain) actively track and report this type of large-scale wallet activity. While several other provided sources were irrelevant to this specific transaction, there is no conflicting evidence presented. The consistency of the core facts—the asset (LINK), the value ($2.9 million), and the number of wallets (two)—across several independent reports makes the statement very likely to be true.
Summary

Two newly created wallets continued to accumulate Chainlink (LINK) over the past three days, according to Onchain Lens. Wallet 0x618 withdrew 62,636 LINK worth about $1 million, bringing its total holdings to 179,393 LINK valued at roughly $2.88 million. Wallet 0xd11 withdrew 145,250 LINK worth approximately $2.33 million from Binance one hour ago. Combined, these wallets now hold more than 307,000 LINK worth $5.21 million, highlighting ongoing large-scale off-exchange accumulation.

Terms & Concepts
  • Chainlink (LINK): A decentralized oracle network that enables smart contracts to securely interact with real-world data and external APIs.
  • Wallet Address: A unique identifier used in blockchain networks to send, receive, and store cryptocurrency.
  • Token Withdrawal: The transfer of cryptocurrency from an exchange to a private wallet, often for storage or security purposes.