Large LINK Withdrawal Fuels Scrutiny of Binance Selling Pressure
A wallet moved 57,000 LINK out of Binance as the token remained close to a reported support area amid broader weakness.
A wallet moved 57,000 LINK out of Binance as the token remained close to a reported support area amid broader weakness. Chainlink (LINK) is trading at ₹1,012 ($10.75), down 0.4% since this brief published. This is an original Token Times brief based on reporting by TronWeekly, with live market data added, as of Sun, 08 Nov 2026 03:00:02 UTC.
The transfer may indicate one large holder reducing exchange liquidity rather than immediately selling, putting greater attention on LINK’s ability to hold recent support. It does not confirm accumulation without evidence of the wallet’s intent or subsequent purchases.
- 57,000 LINK, valued at $612,000, left Binance through four transactions
- LINK trades at $10.79, down 7.35% over seven days
- A reported $10.71 support area is near current trading levels
- Overall crypto sentiment remains fearful at 28
- Binance Hacker Initiates Large-Scale Sell-Off of PEPE and UNI Tokens
- Large LINK Withdrawal Fuels Scrutiny of Binance Selling Pressure — this brief
A large holder withdrew 57,000 LINK from Binance in four separate transactions, according to TronWeekly. The reported movement was worth about $612,000, and its timing attracted attention as a possible sign of accumulation, although the wallet’s intentions were not established.
TronWeekly also reported that LINK was defending support near $10.71. Analyst Investor Jordan described a possible double-bottom formation and set $15 as a conditional recovery target. That interpretation remains an analyst assessment rather than a confirmed breakout signal, with no independent outlet in the supplied coverage verifying the wallet activity or technical setup.
The broader context was subdued. LINK was priced at $10.79, down 0.47% over 24 hours and 7.35% over seven days, while its market capitalization stood at $8.28 billion. Its quoted support level was therefore close to the live price, making the next session’s ability to hold that area relevant to the reported whale activity.
The total crypto market capitalization was $2.61 trillion and the overall market was flat, while 
Bitcoin slipped 0.23% over 24 hours. The Fear & Greed index registered 28, indicating a fearful market backdrop. TronWeekly separately highlighted whale buying in 
Uniswap, but that report did not corroborate the LINK transaction; UNI traded at $7.13, up 3.10% over 24 hours, and DeFiLlama reported Uniswap TVL of $3.56 billion, down 2.3% over seven days.
Since this brief published about 8 hours ago, Chainlink (LINK) has moved from ₹1,015.50$10.79 to ₹1,011.73$10.75 — -0.37%.
The chart plots LINK's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 LINK ≈ ₹1,107.25 (about $10.75), down 0.3% over 24 hours. The rupee itself trades about 9.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 8, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Large LINK Withdrawal Fuels Scrutiny of Binance Selling Pres — questions & answers
How much LINK was withdrawn from Binance?
A wallet withdrew 57,000 LINK through four transactions, representing about $612,000 according to the reported value.
Did the wallet confirm it was accumulating LINK?
No. The transfer was viewed as a possible accumulation signal, but the supplied coverage did not establish the holder’s intent or document subsequent purchases.
Where was LINK trading at publication?
LINK was $10.79, down 0.47% over 24 hours and 7.35% over seven days. Its market capitalization was $8.28 billion.
How much is 1 Chainlink worth in rupee today?
About ₹1,107.25 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $10.75. The rupee price moves with both LINK's US-dollar price and the USDT/INR rate; use our Chainlink in rupee page for any amount.
Has Chainlink's price moved since this brief was published?
LINK is down 0.37% since this brief first published — trading at ₹1,012 ($10.75) now versus ₹1,015 ($10.79) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from TronWeekly. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.