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320k LINK Withdrawn After Dormancy — Monitor for Accumulation or Pre-Sale

I noticed a suspected entity withdrew more than 320,000 LINK (~$7.17M) from a centralized exchange after about one month of on-chain dormancy.

The large movement signals the holder has reactivated; that could mean they’re moving funds to cold storage (reducing exchange sell pressure) or preparing to redistribute or sell off-chain.

I’m monitoring subsequent on-chain flows, exchange balances, and order book activity to judge whether this is accumulation or a precursor to selling.

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Analysis

The withdrawal is significant relative to typical LINK on-exchange flows and represents a reactivation of a previously dormant address. If the funds move to cold wallets, it likely reduces immediate s...

Recommendation

I’m watching this closely and recommend waiting for confirmation from follow-up on-chain activity or order-book changes before initiating new positions; reduce size or use tight risk controls if alrea...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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