A whale wallet’s 139,000 LINK transfer to Binance highlights mounting realized losses among major holders amid ongoing market weakness.
A blockchain-tracked wallet address 0x8c6 deposited 139,000 Chainlink (LINK) tokens worth about $1.67 million to Binance eight hours ago. The holder acquired the tokens eight months ago at $15.70 each and would face an estimated $520,000 loss at current prices if sold. Earlier movements included two other whale wallets depositing a combined 520,000 LINK worth $6.24 million to Binance and Coinbase, raising concerns of potential large-scale sell-offs by major holders.