Large investors (whales) continued to accumulate Chainlink’s $LINK token today, with two prominent wallets withdrawing a combined 496,630 LINK worth approximately $4.67 million from Binance, according to on-chain analytics platform Onchain Lens. In a tweet on X, Onchain Lens reported that wallet 0x52761A….7bE00cAc2 withdrew 370,631 LINK valued at $3.48 million. Following the withdrawal, the wallet now holds a total of 565,612 LINK worth $5.33 million.
A second wallet, 0x526757bC2c73ab2078f10bbcee2432d5809acBd8 (labeled “0x526”), pulled 125,999 LINK worth $1.19 million from the exchange. The activity was accompanied by on-chain data highlighting the withdrawal transactions and updated wallet balances.
Whale Withdrawals Signal Accumulation Trend
This latest move adds to growing speculation of institutional or high-net-worth accumulation in $LINK. Large withdrawals from centralized exchanges to self-custody wallets are often interpreted as a bullish signal, suggesting that whales prefer holding assets off-exchange rather than selling in the near term. The post quickly gained traction among crypto traders, with some analysts pointing to the self-custody trend as a sign of long-term confidence in Chainlink’s fundamentals.
Rising Interest in Chainlink Ecosystem
Chainlink, the leading decentralized oracle network, has seen renewed interest amid the broader crypto market recovery. Its growing adoption, particularly through the Cross-Chain Interoperability Protocol (CCIP) and data feeds, continues to expand across DeFi, real-world assets (RWA), and traditional finance sectors.
As of this writing, $LINK is trading near $9.40–$9.50, with whale activity unfolding alongside steady on-chain metrics and increasing total value locked (TVL) in Chainlink-powered protocols.
Overall, this marks the latest in a series of notable LINK whale movements tracked in recent weeks. Market participants will be watching closely to see whether these accumulations translate into sustained buying pressure or reflect strategic positioning ahead of potential developments within the Chainlink ecosystem.
Source: https://blockchainreporter.net/chainlink-whales-pull-4-67m-in-link-from-binance-in-fresh-accumulation-move/
