LINK Whales Move Millions to Binance Before Key Banking News
Share:
On-chain Ethereum data shows Binance recorded a net inflow of more than 10.2 million LINK on June 19, pushing its Chainlink reserves from 84.1 million to 94.3 million tokens in one day. Large transfers to a centralized exchange days before Chainlink’s announced banking initiative signal potential selling pressure and short-term market risk for LINK despite the project's upcoming adoption milestone.
Predictions Markets
See what traders are focused on
There has been a sharp increase in Chainlink tokens moving to exchanges just days before the project announced a major banking initiative.
According to on-chain data from the Ethereum network, Binance recorded a net inflow of more than 10.2 million LINK on June 19. This pushed the exchange’s LINK reserves from 84.1 million to 94.3 million tokens in a single day.
Read More
Robinhood enters AI crypto trading: ‘World is flat’ presentation reveals US expansion
