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According to CryptoQuant, whale activity for Chainlink (LINK) appears to be intensifying. With the market's recent downturn, certain tokens, Chainlink (LINK) among them, are beginning to exhibit pronounced token movements. This suggests that large players might be taking deliberate action.
The Top 10 outflow transactions reveal a pattern. The two biggest transactions were seen with 8,000 LINK tokens moved out of Binance. This transaction volume placed it among the day's Top 10.
Large withdrawals may suggest funds being moved to cold storage, as holders do not wish to sell and are willing to hold for a longer period.
The monthly average of outflows of the Top 10 transactions is also increasing, rising from around 2,000 LINK per day to nearly 2,600 LINK since mid-February, reflecting a gradual increase in the activity of the largest outgoing transactions.
These flows might be a signal to watch in the coming weeks, as a shift could provide useful insights.
Chainlink's mid-to-large-tier wallets hit 2026 high
As recently reported by Santiment, 25,420 wallets now hold at least 1,000 Chainlink tokens, which is the highest amount since Dec. 4. As the Chainlink price remains in a range between $9 to $10 since early February, larger capital wallets have been gradually returning to the network in anticipation of a future breakout.
The Chainlink price has been rising since March 30 and is set to mark its third day of increasing. At the time of writing, LINK was up 5.41% in the last 24 hours to $9 but down 3.86% weekly.
The Blockchain Leadership Fund launched Monday, with Anchorage Digital and Chainlink Labs as founding contributors.
In the past week, Coinbase announced integration for Chainlink to bring exchange data underpinning billions in trading activity on-chain for the first time via DataLink, an institutional-grade data publishing service powered by the Chainlink data standard.
Dan Burgin
U.Today Editorial Team
Vladislav Sopov
