Chainlink (LINK) Whale Withdraws 30,620 LINK From Binance as It Accumulates 168,760 LINK Worth $3.08M (Avg $18.27)

COINOTAG News, October 29 — OnchainDataNerd’s tracking shows a recently created wallet, 0x617, initiating a withdrawal of 30,620 LINK from Binance, valued at roughly $550,000. The move, recorded within a single hour, highlights a significant transfer from a centralized exchange to an external address and signals active wallet rebalancing among large holders in the LINK market. Such on‑chain activity merits close monitoring for potential shifts in liquidity and momentum.

Over the last 72 hours, the same address has aggregated 168,760 LINK, equating to about $3.08 million, with an average entry price near $18.27. The pattern points to deliberate accumulation by a high-net-worth participant, rather than speculative trading. As the data trail unfolds, traders will want to watch price action and exchange flow in the LINK pair, noting any subsequent withdrawals or additional acquisitions that could influence near-term liquidity. This pattern aligns with recent whale activity.