Whale Quietly Accumulates $51.6M in LINK Amid Major Coinbase Withdrawal

Whale Builds Massive LINK Position Amid Stealth Accumulation

Data reveals a major crypto address has been steadily acquiring LINK over the past four months, amassing 3.32 million tokens at an average price of $15.56—totaling approximately $51.6 million in investments.

Notably, the same wallet recently withdrew 404,000 LINK—worth around $5.55 million—from Coinbase just four hours ago. The move occurred without significant market volatility, highlighting a calculated and low-profile strategy.

Implications for the LINK Ecosystem

• The wallet now ranks among the top holders of LINK, signaling potential market influence.
• The long-term accumulation pattern suggests strong confidence in Chainlink’s infrastructure growth.
• Funds were not sent to exchanges, indicating possible staking, DeFi use, or extended holding.

Experts suggest such accumulation often precedes major network developments. LINK’s expanding role in cross-chain interoperability and oracle services may be driving renewed institutional-grade interest.