Chainlink Whale Transfers 289,760 LINK to Multisig Wallet, Hinting at Long-Term Accumulation

BitcoinWorld Chainlink Whale Transfers 289,760 LINK to Multisig Wallet, Hinting at Long-Term Accumulation A prominent whale address has moved 289,760 Chainlink (LINK) tokens, valued at approximately $2.74 million, from Binance to a self-custodied Gnosis Safe multisig wallet.

The transfer, executed a few hours ago, follows a month-long accumulation phase during which the tokens were gradually withdrawn from the exchange, according to on-chain analyst The Data Nerd.

On-Chain Data Reveals Accumulation Pattern The analyst noted that the whale’s decision to move the assets to a multisig wallet—rather than keeping them on an exchange—suggests a long-term holding strategy.

Based on LINK’s price range over the past month, the whale’s estimated average purchase price falls between $8.5 and $9 per token.