A Chainlink whale withdrew $3.94 million in LINK from Binance, increasing total holdings to 2.05 million tokens. LINK remained above its 50-day and 200-day moving averages, with resistance be
A Chainlink whale withdrew another 467,180 LINK worth about $3.94 million from Binance over the past 13 hours, according to Onchain Lens. The latest transfer occurred three hours before the report, lifting the wallet's holdings to 2.05 million LINK valued at about $17.7 million, as LINK traded above both its 50-day and 200-day moving averages.
According to Onchain Lens, the whale received two separate transfers from Binance during the period. The wallet first received 253,920 LINK worth about $2.14 million, followed by another 213,260 LINK valued near $1.8 million.
The additional purchases increased the wallet's balance to 2.05 million LINK. Meanwhile, the transactions came as Chainlink traded around $8.80 on the daily chart.
The technical picture also improved during July. LINK remained above its 50-day moving average at $8.52 and its 200-day moving average at $7.97 after recovering from late-June lows near $7.10.
According to the provided chart analysis, the 50-day moving average has turned higher while the 200-day moving average has flattened. Trading volume also remained moderate during the recent recovery.
Source: Santiment Immediate support is at the 50-day moving average, followed by the 200-day moving average and the stronger support near $7.10. Meanwhile, resistance is between $9.30 and $9.50, with another resistance zone between $10.00 and $10.80.
The analysis noted that a move above $9.50 with stronger volume could open the path toward the higher resistance region.
Beyond price action, Chainlink continues expanding infrastructure for tokenized finance. According to the provided information, the network has enabled more than $32 trillion in transaction value since launch.
Its Cross-Chain Interoperability Protocol now supports projects including Aave, Mantle, Kraken, Coinbase and Robinhood. Meanwhile, DTCC integrated Chainlink's Runtime Environment into its Collateral AppChain, while Project Pangea brings together Chainlink with 47 European and South Korean banks to test regulated foreign exchange settlement using stablecoins.
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