Chainlink Closes Oct. 20 Up 2.2% After 246,800 LINK Leaves Binance

Chainlink (LINK) posted a $12.32 UTC daily close for Oct. 20, up 2.2% from the previous close, following Binance withdrawals that leave open who controls the receiving address.

The previous UTC daily close was $12.05. The withdrawals reported Oct. 19 sent 246,800 LINK to one address over four days. The tokens were worth about $3.01 million when the transfers were tallied at 11:34 p.m. ET Oct. 18 (03:34 UTC Oct. 19).

In the period’s final 24 hours, the address received about 182,160 LINK; one transfer accounted for 67,560 LINK.

LINK’s 24-hour market-wide trading volume figure for Oct. 20 was about $246.2 million. That rolling window measures trading across markets, while the withdrawals spanned four days. The later price gain does not establish that the withdrawals caused it.

The receiving address’s owner has not been identified. It could belong to an individual holder, a custodian or another trading platform. The transfers alone do not show whether sell orders were removed from Binance or whether the tokens will remain outside an exchange.