Chainlink whale sends $7.6m in LINK to Coinbase

A large Chainlink holder transferred another 620,420 LINK to Coinbase on Sept. 7, extending a series of deposits to the U.S. exchange over the past three weeks. Summary A single wallet deposited 620,420 LINK worth roughly $7.6 million into Coinbase, Onchain Lens reported. Over three weeks, the address transferred 2.41 million LINK valued near $26.04 million into Coinbase. The wallet previously accumulated the deposited LINK from Binance before routing tokens toward Coinbase addresses. Exchange deposits can precede sales, but blockchain records cannot confirm whether transferred tokens were sold. LINK traded near $13.07 on September 7 after rising approximately 7.1% during the latest session. The latest transfer was worth approximately $7.6 million when blockchain analytics account Onchain Lens reported the movement. The same address has now sent 2.41 million LINK, valued at about $26.04 million, to Coinbase during the period, according to the analyst’s post. Onchain Lens identified the originating wallet as 0xF5B007a6341AcC8CfEC581d8A1c5560bC19d9650. The wallet had previously accumulated the tokens through withdrawals from Binance. Its later movement toward Coinbase represents a change from accumulation to exchange deposits, although the transfers do not confirm completed sales. CHAINLINK WHALE SENDS ANOTHER $7.6M LINK TO COINBASE The whale deposited another 620.42K $LINK (~$7.6M) to Coinbase. Over the past three weeks, it has now sent 2.41M $LINK (~$26.04M) to Coinbase, which was previously accumulated from Binance. Address:… https://t.co/tc5WD5lB5wpic.twitter.com/nEvyKb3Js3 — Onchain Lens (@OnchainLens) September 7, 2026 You might also like: Chainlink Data Feeds go live on Tempo Chainlink whale moved 2.41 million LINK in three weeks The latest 620,420 LINK deposit represented approximately 25.7% of the address’s total three-week transfers. The preceding deposits amounted to roughly 1.79 million LINK based on the cumulative figure supplied by Onchain Lens. At the reported valuations, the newest transfer valued each LINK at about $12.25. The complete three-week figure valued the transferred tokens at an average of approximately $10.80 each. These values reflect prices around the time of each movement rather than a confirmed execution price. The address’s earlier Binance withdrawals suggest that the wallet accumulated LINK before sending part or all of those holdings to Coinbase. However, blockchain records alone cannot identify the beneficial owner or explain the reason for each movement. The address may belong to an individual, institution, trading firm or custody arrangement. Describing it as a whale refers to the size of the holdings and transfers, not a verified identity. The wallet’s transaction history can be reviewed through the Ethereum block explorer Etherscan. Exchange destination labels also depend on address attribution and can change when analytics providers obtain new information. Coinbase deposits raise selling risk but prove no sale Transfers to centralized exchanges often receive attention because customers commonly deposit tokens before selling, converting or using them as collateral.