a wallet that binance itself funded over five years ago just sent $3.8M of $LINK straight back onto binance. that's the single biggest piece of a $3.6M net inflow across binance, gate and bitget in the last hour.

price is already +7.2% on the day, +3.6% just in the last 4h, so this isn't early, it's supply still arriving while the move is underway. funding's stretched too at 0.009%, same direction.

funny part: the wider exchange book actually shows -$2.3M net leaving venues across 13 exchanges. this wallet's going against that grain.

coins on exchanges can be sold, doesn't mean they will. wallet's 0x28c6…1d60, go trace it yourself, receipts are in the thread.