Chainlink Whale Breaks Month-Long Buying Streak with $9.2M Move to Coinbase
A significant Chainlink investor has ended their month-long buying streak by transferring $9.2 million worth of tokens to Coinbase, sparking concerns about a potential sell-off in the market.
According to on-chain tracker OnchainLens, the address '0xF5B007...1d8A1' deposited approximately $9.23 million worth of tokens into Coinbase after accumulating around 2.41 million LINK over the past month.
This move coincided with a critical technical turning point on the Chainlink chart, as the token has been trying to break out of a prolonged downtrend that began after the 2024-2025 peaks and recently found a local bottom at $6.35.
The investor's wallet currently retains 1.43 million LINK worth around $13.43 million, while the net unrealized profit on the remaining position is estimated at $1.42 million.