TREE NEWS reports: A whale deposited 620,420 LINK (approximately $7.6 million) into Coinbase on September 7. Over the past three weeks, the same whale has transferred a total of 2.41 million LINK (about $26.04 million) to Coinbase, all previously sourced from Binance.
Whale deposits 620K LINK to Coinbase worth $7.6M
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AI take
This deposit pattern suggests a deliberate consolidation of LINK holdings from Binance to Coinbase, possibly indicating a shift in liquidity strategy or a large holder repositioning assets. The scale—over $26 million in three weeks—signals notable whale activity that could influence market depth on Coinbase. Whether this precedes further transfers or marks a distribution phase is the key dynamic to monitor, as it may affect LINK's order book resilience.
Generated by AI for reference only.
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