Chainlink Whale's $9.2M Move Sparks Sell-Off Fears Amid Resistance

A significant Chainlink investor has broken a month-long buying streak by transferring $9.2 million worth of LINK tokens to Coinbase, sparking concerns about potential sell-off pressures.

The whale had previously accumulated 2.41 million LINK by withdrawing from Binance wallets, which adds fuel to the speculation that this move might be a sale on Coinbase.

This comes as Chainlink's price faces critical technical resistance near $9.41, where selling pressure could halt a price rebound. If the transfer is indeed a sale, LINK may drop back to $8.20, $8.50 support; if it's an internal or over-the-counter transaction, the token might still break through resistance toward $10.