Chainlink Whale Transfers $2.15M into Multisig Wallet Amid Bearish Trend
A significant transfer of Chainlink (LINK) occurred as a large whale address moved 266.41K LINK (~$2.15M) from Binance over the past month.
The whale address, 0x8F8CD3731F919b6A241309d3648934AdDc4AAcCD, accumulated this amount and then transferred it into a Gnosis Safe multisig.
The current price of LINK is $8.09, which falls within the Bollinger Bands with lower support at $8.02 and upper resistance at $8.54.
Technical indicators are bearish, with the EMA50 at $8.35 and EMA200 at $8.19 both above the current price, confirming a bearish trend structure.