Chainlink Whale Unloads 772K LINK on OTC Desks for $8.91M

A significant event has occurred in the Chainlink (LINK) market, with a large whale transferring 772.47K LINK worth $8.91M to OTC desks for immediate sale.

The transfer was made by a wallet labeled 0x434AaA7c02874e614149aD572a05cFfD007145AC, which shifted the funds into Galaxy Digital (602K LINK) and Cumberland (170.47K LINK).

This development comes as Chainlink's price action on the 4h chart shows LINK at $11.45, pressing the upper Bollinger Band resistance at $11.57.

The Relative Strength Index (RSI) sits at 83.33 in overbought territory, and the Moving Average Convergence Divergence (MACD) maintains its golden cross, indicating a probable pullback toward the EMA50 support at $9.78 before any further advance.