Interestingly, a recent on-chain movement has attracted quite a bit of attention. A whale with an address starting with 0x4bD just withdrew 404,000 LINK tokens from a major compliant platform four hours ago, worth approximately $5.55 million at the current price.

This whale is not acting on a whim—after reviewing the transaction history over the past four months, this address has accumulated a total of 3.32 million LINK, with a total cost of about $51.62 million, and an average entry price of $15.56.

From a numerical perspective, this is a significant amount of funds. Large LINK withdrawals from exchanges usually indicate that the holder is making long-term plans or has a forecast for the market's future. Regardless, the movements of such whales are always worth the attention of market participants.