A large Chainlink holder sent another batch of tokens to Coinbase this week. The wallet transferred 620,420 LINK, worth close to $7.6 million, on September 7.
Blockchain analytics account Onchain Lens tracked the move. The same address has now sent 2.41 million LINK, valued near $26.04 million, to Coinbase over three weeks.
The wallet built its position through earlier Binance withdrawals. It then began routing tokens to Coinbase instead of holding them.
Exchange deposits often come before sales, but that isn’t confirmed here. Blockchain records show the transfer, not what the owner plans to do with it.
LINK traded at $13.07 on September 7, up about 7.1% for the session. Its price ranged between $12.12 and $13.32 during the day.
The token’s MACD line sat at 0.7841, above its signal line near 0.7069. That points to continued upward momentum on the daily chart.
The relative strength index read 72.47, above the 70 mark often used to flag overbought conditions. LINK also traded above its 20-day moving average of $11.39, according to TradingView data.
Bollinger Bands widened as price broke out of a $7.20 to $8.50 consolidation range. Resistance now sits near $12.59.
Crypto analyst Investor Jordan posted on X that LINK is approaching a resistance zone near $12. He said a confirmed break above that level could send the price toward $15, with $20 as a further target if buying pressure holds through the fourth quarter.
I'm still thinking something similar to this plays out over the next few days, but a break above $12 and I think we go parabolic towards $15/20.
Whichever it plays out, I think we see an amazing Q4. https://t.co/oaD6xEgv9l pic.twitter.com/YJ209H7nnY
— Investor Jordan
(@InvestorJordan) September 5, 2026
Trading volume climbed 25.02% to $503.90 million in 24 hours. Open interest rose 8.26% to $696.89 million, showing more derivatives traders taking positions.
Wyoming’s FRNT stablecoin adopted Chainlink Proof of Reserve this week. It becomes the first stablecoin from a US public entity to publish reserve data on-chain through Chainlink.
Chainlink’s Cross-Chain Interoperability Protocol processed $4.9 billion in volume during the second quarter. That figure rose 353% from a year earlier, per Standard Chartered.
Aave adopted CCIP as its default cross-chain infrastructure this year. BitGo also chose CCIP as the exclusive cross-chain provider for Wrapped Bitcoin, moving a $7.3 billion ecosystem.
More than 50 banks joined a Chainlink-linked stablecoin settlement test using Swift and ISO 20022 messaging. Bottomline Technologies separately partnered with Chainlink to link payment tools across 600 banks.
LINK’s rally from June and July lows near $7-$8 remains intact as of September 7. The $12 to $13 zone stands as the level traders are watching next.
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