Chainlink Whale Shifts 387K LINK to Safe Wallet Amid Bullish Market

A significant whale in the Chainlink ecosystem has moved a substantial amount of LINK tokens to a secure wallet. The whale accumulated 387,830 LINK (~$3.22M) from Binance over the course of 30 days before transferring the full stack to Gnosis Safe wallet 0xcBD4b1A385cD9a85BCd3f91cbBa13eb8151662C3D.

This self-custody action has caught the attention of LINK price prediction models, which now factor this on-chain whale activity into their calculations. The past year has seen an acceleration in on-chain whale activity, and this recent move is being taken as a signal by market observers.

The current 4h structure for Chainlink remains bullish, with the price holding above the EMA50 support at $8.25 and the EMA200 at $8.15. The MACD golden cross at 0.03 adds momentum to this outlook, while a neutral RSI reading of 55.81 suggests that the market is poised for further volatility.

The next potential target on the horizon could be $8.36, which represents the upper resistance within the Bollinger bands. However, any extension beyond this point will require a sustained breakout.