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Chainlink sees record large withdrawals from Binance, signaling possible accumulation amid price consolidation below $10.

Technical Signals
27 May 2026, 11:07 WIB
Crypto news
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Bullish
Chainlink sees record large withdrawals from Binance, signaling possible accumulation amid price consolidation below $10.

In May 2026, Chainlink (LINK) experienced its highest large token withdrawals from Binance since 2025, with whale wallets holding over 100,000 LINK reaching an all-time high of 805. This suggests investors may be moving LINK off exchanges for long-term holding, signaling potential accumulation despite the token trading below key resistance levels around $9.65 to $9.87. While technical indicators show consolidation and mild selling pressure, Chainlink's strong network fundamentals and rising whale activity hint at cautious optimism. A clear price move above $9.65 could indicate stronger recovery momentum ahead.

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