Chainlink Whale Ends Buying Streak with $9.2 Million Coinbase Move

A major Chainlink investor has ended a 30-day accumulation period and transferred $9.2 million worth of tokens to Coinbase.

The whale, known as '0xF5B007', methodically withdrew tokens from Binance hot wallets over the past month, accumulating around 2.41 million LINK.

This move coincided with a critical technical turning point on the $LINK/USD chart, where 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 transferred tokens represent only part of the investor's holdings, with 1.43 million LINK worth around $13.43 million remaining in their wallet, and an estimated net unrealized profit on the remaining position of $1.42 million.