Whale Withdraws Over 1 Million LINK from Binance: Price Surge and Market Speculation

A significant transaction has taken place in the Chainlink (LINK) ecosystem, as a large whale withdrew over 1.29 million LINK tokens, valued at $31 million, from Binance. This movement sparked speculation about potential price resilience for LINK, with observers attributing the surge to strategic accumulation rather than routine actions. The withdrawal has contributed to a notable price increase of over 12%, likely driven by reduced exchange liquidity and amplified speculation.