Coinspeaker
17 hour ago
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Crypto Whales Withdraw $20M LINK from Binance Using 11 New Accounts

Key Highlights:

  • 11 new Ethereum accounts have withdrawn 1.56 million LINK from Binance in the last three days, indicating whale accumulation.
  • The total value of LINK held by these accounts is approximately $20 million.
  • Binance holds over 7% of LINK's trading volume, making it a significant market for the token.
  • One account, created on December 10, holds 806,326 LINK worth $10 million, having started accumulation on December 20.

    • Account Balance

  • Two addresses hold more than $2 million in LINK, with others ranging from $400,000 to over $1 million.

Chainlink (LINK) Price Analysis

  • LINK is trading at $12.67, showing low volatility recently.
  • The price dropped to $7.90 during the October 10th crash but has since recovered.
  • Despite recovery, LINK trades below its 50-day exponential moving average, indicating a downtrend.
  • The relative strength index (RSI) shows neutral momentum as investors accumulate.
  • ETH shows similar accumulation patterns, reclaiming the $3,000 level.

Chainlink Price Chart