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Whale moves $26M in Chainlink tokens to Coinbase as LINK price dips below $12 support.

Technical Signals
11 Sep 2026
Blockonomi
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Bearish
Whale moves $26M in Chainlink tokens to Coinbase as LINK price dips below $12 support.

A major Chainlink holder transferred 2.41 million LINK tokens worth about $26 million to Coinbase over several weeks, sparking speculation of potential selling pressure. LINK's price recently fell below the critical $12 support level to around $11.80, after an 86% rally since July. Despite price weakness, on-chain data shows strong network activity with active addresses maintaining 66% of gains from August. Chainlink's ecosystem also hit a $30 trillion cumulative transaction milestone, with growing adoption of its interoperability protocol. Investors watch key support levels near $10.80 and $9.80 for possible buying opportunities amid market uncertainty.

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