Chainlink Whale Sells 984K LINK on Coinbase, Sparks Price Speculation
A significant whale transaction in Chainlink has sent shockwaves through the crypto community. An address deposited 984,550 LINK tokens worth $9.23 million to Coinbase within the past two hours, potentially signaling sell pressure after a previous withdrawal of 2,410,000 LINK from Binance over the last month.
The wallet still controls 1,430,000 LINK valued at $13.43 million and holds around $1.42 million in unrealized gains. This highlights ongoing crypto whale movements that often precede shifts in price prediction models for Chainlink.
The current price action on the 4-hour chart shows LINK trading at $9.42 within the Bollinger Bands, with upper resistance at $9.75 and lower support at $8.47. Additionally, the EMA50 is at $8.84 and the EMA200 is at $8.38, acting as layered bullish supports beneath a MACD golden cross of 0.22 and neutral RSI at 64.52.