Large Crypto Withdrawal Involving 934,516 Chainlink (LINK) Sparks Curiosity — TradingView News

Chainlink LINKUSD, a decentralized oracle platform, has recorded a 15.33% loss in value in the last seven days amid broader market fluctuations. Despite that, ecosystem whales are busy accumulating the asset in what appears to be a “buy the dip” move, as 934,516 LINK exited Binance, sparking curiosity.

Whale accumulation sparks speculation of Chainlink price recovery

As spotted by Lookonchain, an on-chain analytics platform, the whale involved in this particular transaction used a newly created wallet. The multiple transactions totaled $16.94 million from Binance hot wallets.

The massive withdrawal from the exchange suggests that the whale intends to hold the asset rather than sell. This signals a bullish move as the withdrawal reduces…

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