A recent move that attracted attention from the Crypto community has led to 2,000,000 chain links (links), worth around $31.2 million, transferred from Robinhood to an unknown wallet in minutes. Large transactions flagged by on-chain trackers occurred in a single transaction.
Blockchain Data Tracker Whale Alert reported “2,000,000 links of $31,244,919 transferred from Robin Hood to an 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
The exact reason for the movement remains unknown, but such transfers may have many meanings. While withdrawing from the exchange means buying, deposits may reveal the intention to sell. That said, the move may reveal that whale accumulation or large-scale holders will move their assets to refrigerated. The move may be a restructuring of the fund.
At the time of pressing, ChainLink rose 0.27% over the past 24 hours, down 7.17% per week to $15.46.
Chain link update
ChainLink recently announced that the CCIP V1.6 upgrade is live on Mainnet. This release includes support for non-EVM blockchains starting with Solana Mainnet.
This release also includes speedy architectural improvements that bring secure, cost-effective scalability to hundreds of blockchains, reducing user execution costs and increasing the speed at which additional EVM and non-EVM chains are merged with CCIP.
CCIP V1.6 integrates current CCIP-driven tokens into the Solana ecosystem by leveraging token producers such as Solv, Bucked Finance and Shiba Inu with the Cross-Chain Token (CCT) standards.
In addition to Solana's support, the V1.6 upgrade allows CCIP to rapidly expand chain coverage as demand for secure cross-chain interoperability increases. CCIP currently supports over 57 blockchains on its mainnet, and has integrated 26 networks this year.
