Chainlink Whale Sends Shockwaves with $9.23 Million Move

A large Chainlink whale has sent shockwaves through the market by moving nearly $9.23 million worth of LINK onto Coinbase, just as the cryptocurrency is sitting at a crucial breakout level.

The timing could not be more dramatic, with the price currently perched on top of a breakout zone that could decide the next big move for LINK.

According to Onchain Lens, the whale deposited 984.55K LINK into Coinbase just two hours before this report, which typically signals an intent to sell.

The same wallet had quietly accumulated about 2.41 million $LINK from Binance over the past month, building a position before now stepping back.