🚨 $LINK Whale Activity: Something BIG is Brewing 🐳
On-chain data reveals 11 new wallets have quietly pulled 1.567M $LINK (worth ~$19.8M) from Binance in the last 72 hours. This isn’t just about the amount – it’s *when* and *how* it happened.
Typically, whales don’t withdraw during uptrends. This move suggests they’re bracing for potential downside, reducing readily available sell-side supply. These aren’t exchange shuffles; they appear to be fresh placements into cold storage. 🥶
Despite recent price weakness, $LINK remains central to key narratives like real-world asset tokenization and cross-chain infrastructure. Smart money often separates price from utility during dips… and accumulation could be underway. Selling pressure is also subtly decreasing, even as lower highs are reached.
Is this the calm before the storm? 🤔
#Chainlink #LINK #Crypto #DeFi 🚀
