Chainlink (LINK) Whales Accumulate as Binance Withdrawals Reach $15M in 12 Hours and $40.8M in a Week

COINOTAG News reported on October 20 that on-chain analytics from The Data Nerd show a noticeable uptick in Chainlink liquidity plays. In the last 12 hours, several whale addresses initiated withdrawals totaling 892,460 LINK from Binance, roughly $15 million, underscoring renewed liquidity reallocation among large holders.

Over the past week, on-chain data indicate about 2.31 million LINK withdrawn from Binance, equating to roughly $40.76 million. This sustained outflow pattern points to ongoing rebalancing by major actors rather than a single transaction, with potential implications for market depth and liquidity metrics.

Market participants should monitor adjacent indicators such as new address accretion, address clustering, and exchange reserve changes to assess any potential effect on LINK price dynamics and DeFi oracle reliability. Data remains anchored to verified on-chain activity and avoids speculative projections.