Crypto
Chainlink Wallet Sends Millions to Coinbase Amid Price Surge
A large Chainlink wallet sent 620,420 LINK (about $7.6 million) to Coinbase on September 7, as part of a three-week total of around $26 million in transactions.
The transfer was noticed by blockchain analytics account Onchain Lens. The same address has now sent 2.41 million LINK, valued near $26.04 million, to Coinbase over the past three weeks.
Chainlink traded at $13.07 on September 7, up about 7.1% for the session, after recovering from summer lows near $7-$8.
Analyst Investor Jordan sees a break above $12 as a key indicator for further price growth, with potential targets of $15 and $20 if buying pressure holds through the fourth quarter.