Chainlink's (LINK) whale accumulation is gaining attention as large amounts of tokens move out of exchanges. According to on-chain data from CryptoQuant analyst Darkfost, whale activity on Chainlink has been increasing, particularly when looking at the largest withdrawal transactions from Binance.
The data shows that two major daily peaks were recorded where more than 8,000 LINK were withdrawn in a single day among the top 10 largest transactions. These large withdrawals are significant because whales moving tokens off exchanges can reduce immediate selling pressure.
Meanwhile, the monthly average outflows from the top 10 whale transactions have increased since mid-February, suggesting that large holders are gradually increasing their activity and possibly building positions over time rather than making sudden moves.