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Whale transfers 620K LINK worth $7.6M to Coinbase, adding to $26M moved in three weeks.

Market News
07 Sep 2026
Crypto news
View Source
Neutral
Whale transfers 620K LINK worth $7.6M to Coinbase, adding to $26M moved in three weeks.

A large Chainlink holder moved 620,420 LINK tokens valued at about $7.6 million to Coinbase on September 7, continuing a series of deposits totaling 2.41 million LINK (~$26 million) over three weeks. The tokens were originally accumulated from Binance before being transferred to Coinbase, suggesting a shift from holding to potential selling or other exchange use, though no sale is confirmed. LINK traded near $13.07 on the day, showing bullish momentum despite the uncertainty of the whale's intentions. Future wallet activity and exchange balance changes will clarify if these transfers lead to sales or internal management.

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Banks are building tokenized deposit chains, with Chainlink enabling cross-chain interoperability and faster settlements.

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Protocol Fundamentals
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Chainlink price dips nearly 5% amid cooling momentum despite new institutional products launch.

Chainlink price dips nearly 5% amid cooling momentum despite new institutional products launch.

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Technical Signals
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Chainlink holds steady near $13.84 after update and eyes $15 resistance for next move

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Technical Signals
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Chainlink's LINK token faces resistance near $14.60; surpassing it could target $15.60 next.

Chainlink's LINK token faces resistance near $14.60; surpassing it could target $15.60 next.

Chainlink's LINK token is encountering a resistance range between $14.15 and $14.60, with a potential upside target of $15.60 if it breaks above this level. Key support is identified at $13.58, and a drop below this could weaken the short-term outloo...

Technical Signals
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