Overview
- Chainlink, which completed its routine quarterly unlock Saturday, moved about 19 million LINK, sending roughly 14.37 million to Binance and 4.62 million to a staking‑rewards multisig wallet.
- LINK held around $8.63 to $8.69 with no large sell orders reported after the inflows.
- Transfers that hit Binance over the weekend totaled about 4.9 million LINK, including a single 2.5 million move flagged by on‑chain analyst Darkfost, a timing that can magnify impact when trading volume is thin.
- Analysts said the purpose of the Binance inflows is unconfirmed, with possibilities ranging from custody moves by the team to a large holder preparing to sell.
- Santiment reported that wallets holding at least one million LINK rose from 100 to 125 over the past year, pointing to steady whale accumulation despite new supply entering exchanges.