New Wallet Withdraws 490,188 LINK from Binance, Holds 771,095 LINK (~$14M) — Chainlink (LINK)

COINOTAG News reported on October 27 that, per Onchain Lens analytics, a newly created wallet executed a large LINK withdrawal of 490,188 tokens from Binance, valued at approximately $9 million. The account currently holds about 771,095 LINK, worth roughly $14 million, highlighting a significant intra-exchange transfer footprint observed by market observers.

Such substantial movements underscore the importance of on-chain tracing for liquidity management and risk controls in crypto markets. Investors and custodians should monitor large LINK transfers, vet exchange reserve dynamics, and corroborate with other data feeds to avoid misinterpretation of market sentiment or liquidity shifts.