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Chainlink Noncirculating Wallet Sends 2.725M LINK to Binance

A Chainlink noncirculating supply wallet (Noncirculating Supply 13) transferred about 2.725 million LINK, worth roughly $34.85 million, to a Binance deposit address at 05:07 Beijing time on October 10. Earlier the same day, multiple Chainlink noncirculating supply wallets sent about 11.4 million LINK to Binance in four transactions between 03:53 and 04:35, bringing the day’s total to about 14.125 million LINK, valued at roughly $180 million.

Original source

AI take

The scale and timing matter more than any single transfer: a cluster of noncirculating supply wallets moving tokens to a major exchange within a short window is the kind of pattern the market reads as potential sell-side preparation, whether or not that is the intent. Because these wallets sit outside circulating supply, the immediate question is whether the tokens are being repositioned for distribution, liquidity, or internal rebalancing — and how much actually reaches the open market. Whether exchange inflows from these wallets continue at this pace is the open question.

Generated by AI for reference only.

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