A major crypto whale, wallet 0xf44…b1cc4, withdrew $5.57 million worth of Chainlink (LINK) from Binance. Onchain Lens data shows the whale first withdrew 199,520 LINK ($2.49 million) and then 246,259 LINK ($3.08 million). Total withdrawals amounted to $5.57 million, removing significant LINK supply from the exchange and signaling confidence in the token’s future performance. This movement dulls potential sellside pressure and is viewed as healthy accumulation.
The wallet now holds 445,775 LINK, valued at $5.57 million. Chainlink is trading near $12.50 per token, with a market capitalization around $8.85 billion. In the last 24 hours, LINK rose about 1.27%, though it remains down roughly 8.6% for the week.
The price recently bounced from support near $11.77, providing a foundation for possible short-term upside as consolidation continues. Large withdrawals by whales tend to reflect a longer-term bullish sentiment, pointing toward staking, holding or deployment in DeFi protocols. Market participants see a potential breakout from the ongoing consolidation phase as bullish technical trends reinforce the outlook.
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