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A whale has withdrawn a substantial amount of Chainlink (LINK) from Binance, signaling possible accumulation or long-term positioning. According to Onchain Lens, the wallet address pulled out 281,144 LINK, valued at approximately $2.45 million, from the exchange. The same wallet was previously observed receiving Ethereum (ETH) from Binance 58 days ago, which was used to cover transaction gas fees. Such moves by large holders often attract attention from traders, as they can indicate reduced selling pressure on exchanges. While the immediate market impact may be limited, the withdrawal adds to a pattern of whale accumulation seen in recent weeks. This could influence intraday speculation around LINK, with traders monitoring for potential price support or breakout signals.
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