Three Chainlink Transfers Send $119.9 Million to Binance in Three Hours

Three large transfers moved 9,399,997 Chainlink (LINK) tokens worth a combined $119.9 million to Binance during the three hours ending Oct. 9 at 5:03 p.m. ET, while no tracked exchange outflows were recorded.

The largest transaction occurred at 4:22 p.m. ET, when 3,999,999 LINK valued at $51.1 million moved from an unknown wallet to Binance.

Two additional transfers involved 3,399,999 LINK worth $43.3 million at 4:02 p.m. ET and 1,999,999 LINK worth $25.6 million at 4:37 p.m. ET. Both transactions moved tokens from unknown wallets to Binance.

Exchange inflows are watched because assets transferred to a trading platform can become available for sale. Outflows can indicate that tokens are being moved away from immediate exchange access, although neither flow alone confirms the holder’s intent.

The three-hour activity consisted entirely of transfers into Binance. The transactions do not establish whether any of the LINK was sold. The moves followed earlier Chainlink-related transfers to Binance recorded on Oct. 9.