Binance Witnesses $188 Million Chainlink Exodus as Whales Resume Accumulation
In a significant market development, Chainlink (LINK) has demonstrated remarkable stability around the $18 price point while experiencing substantial whale activity. Recent blockchain data reveals that approximately 9.94 million LINK tokens, valued at roughly $188 million, have been systematically withdrawn from Binance exchange through multiple transactions. This massive movement of digital assets signals a resurgence in accumulation by large-scale investors, commonly referred to as 'whales' in cryptocurrency circles. Historical market patterns suggest that such substantial withdrawals from major exchanges often precede extended periods of price appreciation, as whales typically move assets to cold storage for long-term holding strategies. The timing of this activity coincides with broader liquidity trends across the cryptocurrency market, indicating sophisticated investors are positioning themselves for potential upward momentum. Analyst observations, including those from market commentator Ali Martinez, have highlighted the significance of these transactions, noting that whale accumulation at current price levels could establish strong support zones while reducing immediate selling pressure. This development occurs amidst growing institutional interest in oracle networks and decentralized finance infrastructure, where Chainlink maintains a dominant position. The coordinated withdrawal pattern from one of the world's largest cryptocurrency exchanges underscores the confidence major investors have in LINK's fundamental value proposition and future growth potential within the evolving digital asset ecosystem.
$188 Mn in Chainlink Exits Binance as LINK Whales Return, Chainlink Price Reacts
Chainlink (LINK) is holding steady around $18, mirroring broader liquidity trends in the cryptocurrency market. The token has attracted significant attention from large investors, with 9.94 million LINK—worth approximately $188 million—withdrawn from Binance in a series of transactions. This movement suggests renewed accumulation by whales, often a precursor to long-term price appreciation.
Analyst Ali Martinez highlights a potential inverse head-and-shoulders pattern forming on LINK's chart, a technical indicator that could signal an upcoming bullish reversal. His projections suggest a possible dip to $15 before a rally toward $46.31. Meanwhile, Chainlink's Cross-Chain Interoperability Protocol (CCIP) continues to see growing transfer volume, reinforcing network utility.
The project's Strategic Reserves Program, launched in August, further bolsters confidence by using network revenue to buy back LINK tokens. This institutional-grade demand, combined with whale accumulation, paints a compelling narrative for Chainlink's fundamentals.
XRP Breaks Key Technical Pattern, Eyes $5–$10 Rally
XRP has surged past a critical resistance level at $2.63, completing a multi-year cup-and-handle formation that began in 2020. The breakout signals potential for a significant upward move, with analysts projecting targets between $5 and $10 based on the pattern's depth.
The cryptocurrency currently trades NEAR $2.65 after a 10.25% weekly gain, demonstrating strength through a successful retest of $2.50 support. Market observers note the $2.80 level as the next hurdle for bulls to overcome.
"XRP is at a critical decision point," noted one analyst, highlighting the importance of sustained momentum above recent highs. The technical development comes as Binance Research data confirms the pattern's validity, fueling Optimism for XRP's 2025 outlook.
Ethereum Supply Dwindles on Exchanges as Breakout Looms
Ethereum's quiet strength contrasts with a cooling broader crypto market. Exchange reserves of ETH have plummeted, with Binance seeing an outflow of 820,000 ETH since late August—worth roughly $3.2 billion at current prices. This marks the lowest reserve level on the platform since May 2025.
Historical patterns suggest such drawdowns precede rallies. A similar depletion in May preceded a $1,000 price surge within weeks. The current exodus from exchanges signals long-term holding strategies and anticipation of higher valuations, reducing immediate sell pressure.
Binance's ETH reserves now stand at 3.87 million, down from 4.69 million two months ago. When assets migrate from trading platforms to private wallets, it typically reflects investor confidence in future appreciation rather than imminent liquidation.
Gold Statue of Binance Founder Changpeng Zhao to Be Unveiled in Washington D.C. Following Trump Pardon
A 14-foot-tall gold-painted statue of Binance founder Changpeng Zhao will be displayed outside the U.S. Capitol on Tuesday. The tribute commemorates Zhao's iconic four-finger gesture, symbolizing his 2023 stance against regulatory FUD. The statue will be briefly exhibited before being offered to Zhao or auctioned to benefit Giggle Academy, his nonprofit initiative.
The move follows Zhao's recent pardon by former President Donald Trump, marking another crypto-centric spectacle in the capital. Earlier this year, a similar statue depicted TRUMP holding a Bitcoin, underscoring the growing intersection of cryptocurrency and political symbolism.
Changpeng Zhao Shifts Focus to YZi Labs Post-Binance Exit
Former Binance CEO Changpeng 'CZ' Zhao is unlikely to resume active leadership at the cryptocurrency exchange, despite speculation following his U.S. presidential pardon. Instead, Zhao is channeling efforts into YZi Labs, his family investment office, signaling a strategic pivot toward blockchain and fintech investments.
'It sounds quite reasonable,' Zhao remarked on reports highlighting his transition from exchange operations to advisory roles. His reduced public presence since the pardon underscores a deliberate retreat from the spotlight, contrasting sharply with his former visibility as Binance's figurehead.
Democrat Proposes Crypto Trading Ban for Politicians Following Binance Founder’s Pardon
Representative Ro Khanna (D-Calif.) unveiled plans to introduce legislation prohibiting elected officials from owning or trading cryptocurrencies. The MOVE comes in response to perceived corruption risks, highlighted by President Trump’s controversial pardon of Binance founder Changpeng Zhao.
Khanna characterized Zhao’s pardon as "blatant corruption," alleging the former Binance CEO facilitated illicit financial flows to Hamas, Iran, and other malign actors. The lawmaker’s remarks contained inaccuracies—Zhao served four months in prison, not four years, and entered a guilty plea rather than receiving a conviction.
This initiative follows Khanna’s 2023 Ban Congressional Stock Trading Act, which targeted lawmakers’ equity trades. The new proposal signals growing scrutiny of digital asset ownership among public officials amid heightened regulatory focus on crypto markets.
