A significant influx of LINK tokens has recently been observed in the crypto market, with 39 new wallets withdrawing a massive $188 million worth of LINK from Binance. This action, involving nearly 9.94 million LINK tokens, raises eyebrows among analysts and suggests potential institutional involvement. While Chainlink’s leadership remains silent on these transactions, on-chain experts like Lookonchain and Nansen are observing this pattern as a possible sign of long-term investment strategies. The lack of public statements from either Chainlink or major market figures has further fueled speculation about the motives behind these transfers. Analysts believe that increased institutional confidence in LINK might impact Binance’s trading liquidity for the token. 39 new wallets moving nearly $188 million worth of LINK from Binance is a noteworthy event, potentially signifying an institutional push for the cryptocurrency.