{"id":4265,"date":"2026-06-26T22:11:33","date_gmt":"2026-06-26T22:11:33","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=4265"},"modified":"2026-06-26T22:11:33","modified_gmt":"2026-06-26T22:11:33","slug":"link-whales-shift-millions-to-binance-ahead-of-major-banking-announcement","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/06\/26\/link-whales-shift-millions-to-binance-ahead-of-major-banking-announcement\/","title":{"rendered":"LINK Whales Shift Millions to Binance Ahead of Major Banking Announcement"},"content":{"rendered":"\n
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Large holders of LINK moved millions of tokens to Binance just days before Chainlink revealed a major banking initiative, raising concerns about increased selling pressure.<\/p>\n\n\n\n

On-chain data from the Ethereum network shows Binance recorded a net inflow of more than 10.2 million LINK on June 19. This pushed the exchange\u2019s LINK reserves from 84.1 million to 94.3 million tokens within a single day.<\/p>\n\n\n\n

According to CryptoQuant, the sudden inflow caused the seven day average netflow to spike by 20,677 percent compared with its three month average, highlighting a sharp and unusual shift in exchange activity.<\/p>\n\n\n\n

The large transfer occurred just days before Chainlink introduced Project Pangea on June 23. The initiative focuses on T+0 foreign exchange settlement and involves more than 80 banks across Europe and South Korea, representing over $10 trillion in assets under management.<\/p>\n\n\n\n

Historically, exchange inflows of this size tend to increase available selling supply and are often linked to heightened market volatility.<\/p>\n\n\n\n

Despite the substantial movement, LINK\u2019s price reaction remained relatively muted. During this period, the token declined from around $8 to approximately $7.3.<\/p>\n\n\n\n

Data also showed the inflows were highly concentrated among a small number of large holders. The \u201cinflow top 10\u201d metric closely matched the total inflow volume, suggesting that most of the transferred tokens came from a handful of whale wallets rather than widespread retail activity.<\/p>\n\n\n\n

CryptoQuant noted that while Project Pangea could represent a major long term development for the Chainlink ecosystem, short term on-chain data points to growing exchange supply and potential selling pressure.<\/p>\n\n\n\n

At the same time, broader investor interest in LINK remains strong. Earlier this month, Santiment reported that the number of wallets holding at least 1 LINK climbed above 535,000, the highest level since December 2022.<\/p>\n\n\n\n

This growth in holders comes even though LINK remains well below its previous market cycle highs.<\/p>\n\n\n\n

Institutional sentiment has also shown mixed signals. Spot LINK ETF flows turned positive again on June 23 after recording their first daily net outflows on June 22. The funds saw $491,000 in net outflows before sentiment quickly improved with fresh inflows of about $138,000 the following day.<\/p>\n\n\n\n

Activity cooled again on June 24, with no net flows recorded.<\/p>\n\n\n\n

Despite recent fluctuations, data from SoSoValue shows total spot LINK ETF inflows for June currently stand at $3.61 million.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Large holders of LINK moved millions of tokens to Binance just days before Chainlink revealed a major banking initiative, raising concerns about increased selling pressure. On-chain...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4265","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=4265"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4265\/revisions"}],"predecessor-version":[{"id":4267,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/4265\/revisions\/4267"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=4265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=4265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=4265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}