Chainlink whale sends $7.6m in LINK to Coinbase

A large Chainlink holder transferred another 620,420 LINK to Coinbase on Sept. 7, extending a series of deposits to the U.S. exchange over the past three weeks. Summary A single wallet deposited 620,420 LINK worth roughly $7.6 million into Coinbase, Onchain Lens reported. Over three weeks, the address transferred 2.41 million LINK valued near $26.04 million into Coinbase. The wallet previously accumulated the deposited LINK from Binance before routing tokens toward Coinbase addresses. Exchange deposits can precede sales, but blockchain records cannot confirm whether transferred tokens were sold. LINK traded near $13.07 on September 7 after rising approximately 7.1% during the latest session. The latest transfer was worth approximately $7.6 million when blockchain analytics account Onchain Lens reported the movement. The same address has now sent 2.41 million LINK, valued at about $26.04 million, to Coinbase during the period, according to the analyst’s post. Onchain Lens identified the originating wallet as 0xF5B007a6341AcC8CfEC581d8A1c5560bC19d9650. The wallet had previously accumulated the tokens through withdrawals from Binance. Its later movement toward Coinbase represents a ch...