In a recent move that has caught the attention of the crypto community, 2,000,000 Chainlink (LINK) worth approximately $31.2 million were transferred in minutes from Robinhood to an unknown wallet. The large transaction, flagged by on-chain trackers, occurred in a single transaction.
Blockchain data tracker Whale Alert reported, "2,000,000 LINK worth $31,244,919 transferred from Robinhood to unknown wallet."
🚨 🚨 2,000,000 #LINK (31,244,919 USD) transferred from #Robinhood to unknown wallethttps://t.co/fR4LBCRVut
— Whale Alert (@whale_alert) May 20, 2025
Although the exact reason for the move remains unknown, such transfers might have various implications. Withdrawals from exchanges imply buying, while deposits might reveal an intent to sell. That said, the move might reveal that of whale accumulation or a large holder moving assets to cold storage. The move might be that fund's reshuffling.
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At press time, Chainlink was up 0.27% in the last 24 hours to $15.46 and down 7.17% weekly.
Chainlink updates
Chainlink recently announced that the CCIP v1.6 upgrade is now live on the mainnet. This release includes support for non-EVM blockchains, beginning with the Solana mainnet.
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This release also includes architectural improvements that reduce execution costs for users and increase the speed with which additional EVM and non-EVM chains may be merged with CCIP, resulting in secure, cost-effective scalability to hundreds more blockchains.
CCIP v1.6 lets token producers such as Solv, Backed Finance, Shiba Inu and others integrate their current CCIP-powered tokens into the Solana ecosystem by leveraging the Cross-Chain Token (CCT) standard.
In addition to supporting Solana, the v1.6 upgrade allows CCIP to rapidly expand its chain coverage in response to rising demand for safe cross-chain interoperability. CCIP currently supports over 57 blockchains on the mainnet and has integrated 26 networks this year.
