Chainlink (LINK) Gains Attention after a Whale Removes 529,999 Tokens Worth $15.5 Million from Binance over Three Days

This large transaction has led to discussions about what it means for LINK's price and the market.

A Chainlink (LINK) whale has been making waves by withdrawing 529,999 tokens from Binance over three days, and the latest batch of 100,000 tokens was moved six hours ago. This large transaction has sparked discussions about what it means for LINK’s price and the market.

According to Lookonchain, a crypto whale withdrew Chainlink (LINK) tokens from Binance three times in the last three days, and the total amount reaches 529,999 LINK. The latest withdrawal happened six hours ago, which includes 100,000 LINK tokens, valued at $2.95 million at press time. These withdrawals have significantly reduced the amount of LINK available on the exchange.

Usually, such large withdrawals from an exchange indicate that the whale is planning to hold the tokens for the long term or use them in decentralized finance (DeFi). With fewer LINK tokens available on Binance, the selling pressure also decreases. This could help keep LINK’s price steady or even push it higher, especially if there are more buyers in the market. Such activity also shows strong confidence in Chainlink’s future potential.

Data from Upside-Down Crypto Data shows that LINK is at a high short-term risk level. This often means the price has reached a local peak and may drop or move sideways for a while. Indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest the token is overbought, and some traders might be looking to sell.

However, some expect this pullback or pause to create a stronger foundation for the next rise. While LINK’s long-term risk is also increasing, similar situations in the past have led to big price increases after a period of consolidation.

Chainlink (LINK) Price Holds At $27 with Peculiar Signals

The $21 support level is key for LINK. This level has been tested many times and continues to hold firm. If the LINK price stays above $21, analysts believe it could climb to $35. This would represent a 38% leap from its current price.

On a 1-day chart, LINK’s price action forms a rounded bottom pattern, which is a strong sign of bullish momentum. However, some signals suggest short-term pressure. The Awesome Oscillator shows slight bearish momentum, and the Chaikin Money Flow (CMF) indicates small capital outflows at -0.19. Analysts believe these trends could shift if more buyers enter the market.

Minotaurus (MTAUR): Early Birds Reap Bigger Benefits, as Presale Surges Past 900K USDT Mark

While Chainlink’s latest whale withdrawals are making headlines, another project, Minotaurus (MTAUR), is also generating a lot of buzz.

Its ongoing presale has now crossed a major milestone, having raised over 900,000 USDT from eager community members. At the time of writing, the current price is 0.00008109 USDT.

This still marks a 59% reduction from the listing price of 0.00020 USDT, giving today’s MTAUR buyers a significant advantage. If you joined at the initial presale price of 0.000040 USDT, your tokens have already grown by 102% in value.

MTAUR is the native utility token within the upcoming Minotaur game. It grants players access to exclusive features and provides them with a strategic edge in gameplay throughout their mythic quest.

On top of that,ホルダーs who refer their friends to the presale will be rewarded, and there’s an extra bonus for locking in tokens long-term with the vesting program.

With over 15,000 community members rallying around this project, excitement is only growing. Don’t forget the 100,000 USDT giveaway—one lucky participant will win 50,000 USDT in MTAUR!

This presale is moving fast, and prices increase with each stage. Get in now and secure your place in this exciting journey!

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.