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246,800 LINK tokens worth $3.06M moved from Binance to a single address, reducing short-term tradable supply.

Market News
20 Oct 2026
CryptoTicker
View Source
Bullish
246,800 LINK tokens worth $3.06M moved from Binance to a single address, reducing short-term tradable supply.

A single, unattributed address withdrew 246,800 LINK tokens from Binance over four days, valued at about $3.06 million as of October 20, 2026. This transfer represents 1.27% of Chainlink's daily turnover and 0.032% of its circulating supply, indicating a move away from tokens available for quick sale. While the recipient is unknown and could be a custodian or another exchange, such outflows typically reduce short-term selling pressure. The price of LINK rose 2.77% following this event, but analysts caution that this transfer alone is not a buy signal. Investors should consider staking options, tax implications, and secure their withdrawal records if they move tokens to personal wallets.

Chainlink's market cap stands at Rp163.06 trillion as of October 20, 2026, 22:52 WIB, with a 24-hour trading volume of Rp3.95 trillion on Pluang. Despite the large withdrawal of 246,800 LINK tokens from Binance noted in the news, LINK's price on Pluang shows a modest 0.95% gain over the past day, trading at Rp218,439. The platform's order activity is nearly balanced, with 49% selling and 51% buying, and the typical holding period is 63 days, indicating steady investor engagement.

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