Chainlink (LINK) Plunges: Can Retail Investors Hold On?

A whale recently deposited 200,355 Chainlink (LINK) worth $3.27 million to Binance after nine months of inactivity.

The move netted the whale $1.08 million in profits, from a previous accumulation of $4.56 million. The wallet still holds 145,430 LINK, or $2.37 million.

At the time of writing, LINK is trading at $16.25, down 0.3% over the past 24 hours. While a single sale is not enough to determine a trend, such high-volume activity is often an early sign of bullish sentiment.