Chainlink whale moves $26 million in LINK tokens to Coinbase over three weeks

According to data from the Onchain Lens platform, a large cryptocurrency wallet transferred 620,420 Chainlink (LINK) tokens worth approximately $7.6 million to Coinbase on Monday, September 7, 2026 (16 Shahrivar 1405); the wallet has sent a total of 2.41 million tokens worth $26.04 million to the exchange over the past three weeks. According to ArzDigital, the wallet had previously withdrawn and held the tokens from Binance, and its shift from accumulation to transferring funds to an exchange strengthens the possibility of increased sell pressure, though a transfer to an exchange does not necessarily mean a definite sale. At the same time, Chainlink's price rose about 10 percent to around $13.4, with its relative strength index (RSI) reaching 72.47, a level indicating overbought territory.