A Chainlink whale withdrew another 467,180 LINK, worth about $3.94 million, from Binance over the past 13 hours, according to Onchain Lens: https://x.com/OnchainLens/status/2081422722123669514?s=20. The latest transfer occurred three hours before the report and raised the wallet’s holdings to 2.05 million LINK, valued at approximately $17.7 million.

Large withdrawals from centralized exchanges are closely tracked by on-chain analysts because they can show where major holders are moving liquidity, though such transfers do not by themselves confirm whether a holder intends to sell, custody, stake or use the tokens elsewhere. The transactions took place as LINK traded around $8.80 on the daily chart and remained above both its 50-day and 200-day moving averages. Chainlink also continued to expand infrastructure tied to tokenized finance, with the network reported to have supported more than $32 trillion in transaction value since launch.

Whale Receives Two Binance Transfers

According to Onchain Lens, the whale received two separate LINK transfers from Binance during the period. The first transfer totaled 253,920 LINK, worth about $2.14 million. A second transfer followed with 213,260 LINK, valued near $1.8 million.

Together, the transfers added 467,180 LINK to the wallet and increased its total balance to 2.05 million LINK. Based on the reported valuation, the holdings were worth about $17.7 million at the time of the report.

The accumulation came as LINK held above key moving averages following a recovery from late-June lows near $7.10. During July, LINK remained above its 50-day moving average at $8.52 and its 200-day moving average at $7.97.

Chart Levels Remain in Focus

According to the provided chart analysis, Chainlink’s 50-day moving average has turned higher, while the 200-day moving average has flattened. Trading volume remained moderate during the recent recovery.

Immediate support was identified at the 50-day moving average, followed by the 200-day moving average. A stronger support level was noted near $7.10, the area associated with the late-June lows.

On the upside, resistance was placed between $9.30 and $9.50, with a further resistance zone between $10.00 and $10.80. The analysis stated that a move above $9.50 on stronger volume could open a path toward the higher resistance region.

Chainlink Expands Tokenized Finance Infrastructure

Beyond recent LINK market activity, Chainlink has continued expanding infrastructure for tokenized finance. Chainlink is widely used as oracle and interoperability infrastructure, and its role in tokenized finance centers on connecting blockchain applications with external data, messaging and cross-chain settlement systems. According to the provided information, the network has enabled more than $32 trillion in transaction value since launch.

Chainlink’s Cross-Chain Interoperability Protocol now supports projects and companies including Aave, Mantle, Kraken, Coinbase and Robinhood. DTCC has also integrated Chainlink’s Runtime Environment into its Collateral AppChain.

In addition, Project Pangea brings together Chainlink with 47 European and South Korean banks to test regulated foreign exchange settlement using stablecoins. For market participants following LINK, the next observable data points include whether the whale wallet continues receiving tokens from exchanges and whether LINK maintains its position relative to the cited moving averages and resistance levels.