Chainlink Price Faces Risk as Whale Transfers 984K LINK to Coinbase
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Chainlink Price Faces Risk as Whale Transfers 984K LINK to Coinbase

मुख्य जानकारियाँ:

  • Chainlink price in focus as a holder moved 984.55K tokens to the Coinbase exchange.
  • Bullish forecasts could support LINK Price despite rising distribution concerns.
  • Nearly $9.23M in LINK entering Coinbase raises the risk of short-term selling.

Chainlink price traded near $9.35 as a major holder moved 984,550 LINK, worth about $9.23 million, to Coinbase. The transaction came after the whale withdrew roughly 2.41 million LINK at an average price of around $8.40 over the previous month.

Chainlink traded close to the lower end of its $9.30 to $9.62 daily range. Earlier, LINK price approached $9.60 before sellers erased the intraday advance.

Notably, selling pressure increased after LINK lost the $9.50 area. Attempts to rebound near $9.40-$9.45 also failed to gain traction.

LINK price increased 12.6% over seven days and 13% over 14 days. Additionally, the token recorded a 15.3% increase over 30 days.

The current decline, therefore, follows a multi-week recovery in LINK. Meanwhile, activity from a large holder introduced additional selling-related flows during the session.

Notably, a Chainlink whale withdrew about 2.41 million LINK from Binance over the past month at an average price of around $8.40. Three hours before the reported update, the holder transferred 984,550 LINK to Coinbase.

Chainlink Whale Transfer Report | Source: X
Chainlink Whale Transfer Report | Source: X

Data shared by Onchain Lense revealed that the transfer was estimated at $9.23 million. The wallet still held roughly 1.43 million LINK after the transaction was completed.

With Chainlink price trading near $9.40, the remaining holdings were worth an estimated $13.43 million. The overall position also showed approximately $1.42 million in profit.

That amount represented roughly a 12% return based on the supplied wallet data. At the same time, LINK derivatives recorded liquidations across both market directions.

Chainlink Liquidation Data | Source: Coinglass
Chainlink Liquidation Data | Source: Coinglass

Over 24 hours, total LINK liquidations reached $162,110. Short liquidations accounted for $91,490, compared with $70,620 from long positions.

However, the four-hour figures shifted heavily toward leveraged longs. Total liquidations reached $8,150, including approximately $8,080 from long positions.

Short liquidations during that period totaled only $66.35. Over 12 hours, meanwhile, Chainlink recorded $40,410 in total liquidations. Long positions accounted for $19,420 of that amount, while short positions contributed $20,990.

Additionally, Standard Chartered recently set a $200 Chainlink price target for 2030. The bank also cited $13 this year and a later $133 level.

Its forecast incorporates tokenization growth from $340 billion to $4 trillion by 2028. Standard Chartered identifies Chainlink as infrastructure supporting the tokenization market.

The supplied data also puts Chainlink’s share of oracle-dependent decentralized finance at roughly 70%. Meanwhile, the largest LINK wallets have reached a record level.

Those major wallets have also kept accumulating LINK. Their activity comes as Chainlink price trades near $9.40 following its recent multi-week price recovery.

पोस्ट Chainlink Price Faces Risk as Whale Transfers 984K LINK to Coinbase पहली बार प्रकाशित हुई द कॉइन रिपब्लिक.

This is not investment advice Analysis published here is for information only. Digital assets are volatile and you can lose the full value of your position. Do your own research before acting.
Glory Kaburu

Glory Kaburu

Glory Kaburu is a crypto journalist with nearly six years of experience covering blockchain, digital assets, market analysis, price predictions, and Web3 news. Her work has appeared across Cryptopolitan, Crypto News Flash, ETHNews, CoinGape, and The Coin Republic. She holds a Bachelor of Education in English Literature and Linguistics from the University of Nairobi, supporting her strong research skills, industry knowledge, and careful reporting on topics that can influence readers’ financial decisions.