Whale Alert: 35 New LINK Wallets Withdraw Millions From Binance

Key Points:

• Approximately 35 new LINK wallets have withdrawn 755,687 $LINK ($5.08M) from Binance.
• The question arises if whales are accumulating $LINK or if it’s related to a recent 15.7M $LINK deposit.
• Lookonchain reports on the consistent depositing of $LINK by the Chainlink Noncirculating Supply wallet.

Approx. 35 new LINK wallets withdrew 755,687 $LINK ($5.08M) from Binance. Are whales accumulating? Is it related to a recent 15.7M $LINK deposit? Lookonchain reports.

It is reported that approximately 35 newly created wallets, which appeared just three days ago, have started withdrawing significant amounts of $LINK from Binance. So far, they have withdrawn a total of 755,687 $LINK, equivalent to $5.08 million.

This raises the question: Are whales accumulating $LINK? Alternatively, could this be related to the deposit made by the Chainlink Noncirculating Supply wallet three days ago, which amounted to 15.7 million $LINK, equivalent to $97.5 million?

On September 19, Lookonchain reported the deposit made by the Chainlink Noncirculating Supply wallet into Binance. Interestingly, this wallet has been consistently depositing $LINK to Binance every three months since August 26, 2022, and has accumulated a total of 71.8 million $LINK, equivalent to $446 million.

On September 16, CoinCu also reported that Chainlink executed a significant transfer of 10 million LINK tokens to Binance, valued at $62.4 million in a transaction.

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