Chainlink after the withdrawal of 246,800 LINK from Binance: the consequences for price and custody

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.A single address has withdrawn 246,800 LINK from Binance over four days, roughly $3.06 million at the current price. What that says about tradable supply and what such a transfer triggers for you in tax terms.A single, so far unattributed address has withdrawn 246,800 LINK from the exchange Binance within four days. At Tuesday afternoon's price that is around $3.06 million. Chainlink was quoted at $12.38 or 11.01 euros at about 16:51 German time on October 20, putting it 2.77 percent above the previous day's level, according to market data from CoinGecko. What is interesting here is less the sum than the direction. Tokens that move from an exchange to a private address are no longer available for a quick sale. What this transaction really tells us, where its limits lie, and what it triggers for you in tax terms if you take the same step, follows in the sections below. 246,800 LINK leave Binance: the numbers behind the transfer The industry outlet Tokenpost recorded the move on O...