A major Chainlink (LINK) investor ended a thirty-day accumulation period by transferring 984,550 tokens worth approximately $9.23 million to the Coinbase exchange. Over the previous month, this investor had methodically withdrawn around 2.41 million LINK from Binance hot wallets. The whale’s wallet still holds 1.43 million LINK worth approximately $13.43 million, with estimated net unrealized profits of $1.42 million. This transfer coincides with a critical technical turning point: LINK is hitting major resistance at its 200-day moving average at $9.4117, raising concerns among market participants about a potential sell-off.
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