A significant Chainlink wallet deposited approximately 2.41 million LINK tokens, worth more than $26 million, to Coinbase over the past month after acquiring them through Binance. The deposits may increase selling pressure, although gradual transfers do not confirm liquidation and could reflect security or portfolio rebalancing. LINK has fallen below the $12 support level and trades around $11.80 after rising roughly 86% from its July low near $7 and reaching almost $13 days ago. Analysts are watching $10.80, $9.80 and $8.80 as successive support zones, while a recovery above $12 would be needed before a retest of $13. On-chain activity remains comparatively strong: active addresses rose from 3,599 in early August to 5,572 before settling at 4,821, retaining about 66% of the increase, while new addresses peaked at 1,601 and later eased to about 1,140. Santiment said Chainlink's address growth exceeded comparable gains of 7.5% for Solana and 5.2% for Ethereum. The network also surpassed $30 trillion in cumulative enabled transaction value, and CCIP (Chainlink's cross-chain messaging protocol) weekly volume increased 260% to $1.3 billion. Prediction marketplace World selected Chainlink as the data provider for a Solana-based product, with more than 1 million people on its waitlist; the service uses Chainlink Data Streams and the Chainlink Runtime Environment for automated settlement across athletics, elections, commodities and weather markets.