Chainlink Whale Transfer Sparks Selling Pressure Concerns

A large Chainlink whale transferred nearly $9.23 million in LINK to Coinbase on Tuesday, raising concerns about short-term selling pressure.

The transfer was made by a holder who had withdrawn approximately 2.41 million LINK from Binance over the past month at an average price of around $8.40.

This comes after Chainlink's recent multi-week recovery, during which its price increased 12.6% over seven days and 15.3% over 30 days.