Whale moves 289,760 LINK from Binance to multisig wallet, signaling long-term hold

A whale address moved 289,760 LINK, worth about $2.74 million, from Binance to its own Gnosis Safe multisig wallet a few hours ago after withdrawing the tokens from the exchange over the past month, according to on-chain analyst The Data Nerd. The Data Nerd inferred the whale is likely positioning for a long-term hold, citing the transfer of the assets to a self-custodied multisig wallet rather than keeping them on an exchange. Based on LINK’s price range over the past month, the whale’s average purchase price was estimated at about $8.5 to $9.