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$42M in Chainlink tokens moved to Binance amid growing whale accumulation and cautious market watch.

Technical Signals
03 Apr 2026
Blockonomi
View Source
Neutral
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Around 4.9 million Chainlink (LINK) tokens worth about $42 million were transferred to Binance during a low-volume weekend, including a large 2.5 million LINK transfer from a single wallet. This raised concerns about possible selling pressure, as large exchange inflows often signal sell-side activity, especially in low-liquidity periods. Meanwhile, data shows an increase in whale wallets holding 1 million or more LINK, growing from 100 to 125 over the past year, indicating steady long-term accumulation despite a bearish market. Analysts are closely monitoring these contrasting trends to gauge Chainlink's near-term price direction.

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