320k LINK Withdrawn After Dormancy — Monitor for Accumulation or Pre-Sale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