Chainlink Whale Dumps $2.45M on Binance Amid Token Surge

A large holder of Chainlink (LINK) tokens has withdrawn $2.45 million from Binance, marking the latest example of investors moving their assets to self-custody wallets.

The withdrawal involved 281,140 LINK tokens, which were transferred to a wallet identified by blockchain tracker Token Millionaire. On-chain data reveals that this wallet received Ethereum (ETH) funding from Binance 58 days earlier, likely for transaction fees.

This move comes as Chainlink's market performance experiences renewed strength, with the token gaining 19.4% over the past 30 days and trading at $8.79 at the time of writing.