New Wallet Takes Out $2.4M LINK from Binance

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

IMX-5.485%

LINK-2.515%

Source: Coinmarketcap

Updated: Oct 20 2025

Withdrawal Details: A newly created wallet withdrew 142,428 LINK, worth approximately $2.4 million, from Binance, raising market scrutiny and speculation about potential strategic moves by larger holders.
Market Implications: The withdrawal has decreased LINK liquidity on Binance, which may support price levels, and historical patterns suggest such actions are often linked to accumulation rather than panic selling.
Community Response: Analysts and the community view the activity as typical for whale strategies, with no confirmed ties to major industry players or insider activities, maintaining a cautious but unconcerned stance.
Monitoring and Analysis: On-chain monitoring continues to observe the wallet's activity for further insights, as previous significant LINK movements have led to market turbulence, though no significant volatility has been observed so far.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

New Wallet Takes Out $2.4M LINK from Binance

About the author

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