Key HighlightsMajor holder deposited 2.41 million LINK tokens (approximately $26M) to Coinbase throughout the past monthLINK price declined below critical $12 support threshold and hovers around $11.80Network active addresses maintained 66% of gains achieved in late AugustPlatform surpassed $30 trillion in cumulative transaction value, CCIP weekly volume jumped 260%Prediction platform World selected Chainlink as data provider for Solana-based market, attracting 1 million+ waitlist signupsBlockchain analytics tracked a significant Chainlink wallet that transferred over $26 million in LINK tokens to Coinbase throughout the last month. According to Onchain Lens, the address deposited roughly 2.41 million LINK tokens that were initially acquired via Binance.Did this whale just dump $26M worth of Chainlink LINK?!According to @OnchainLens, an unknown whale has sent more than $26 million worth of @Chainlink's $LINK token to the @Coinbase exchange.More specifically, 2.41 million tokens were sent to the exchange across the past… pic.twitter.com/tE0cTghVe1— BSCN (@BSCNews) September 9, 2026While exchange deposits often signal potential selling pressure, they don’t necessarily confirm liquidation plans. The holder could be relocating assets for security purposes or rebalancing their portfolio. The transfers occurred gradually over multiple weeks, potentially reducing immediate market impact.The LINK token experienced substantial growth of roughly 86% from its July bottom around $7, peaking near $13 only days ago. However, recent sessions saw bearish momentum intensify, pushing the price beneath the $12 threshold. The token currently changes hands around $11.80.Chainlink (LINK) PriceTrading analyst Michaël van de Poppe (@CryptoMichNL) identified two strategic entry zones for LINK. He noted that should Bitcoin experience downside volatility, he would consider accumulating LINK beneath $10.50, characterizing it as “a strong runner already.” Van de Poppe highlighted this price point as an attractive accumulation opportunity.I've got two areas of interest for $LINK.If Bitcoin makes a sweep lower, I'm definitely going to be interested to be buying the dip on this one