Crypto Whale Quickly Accumulates Chain Link As Millions Of LINK Tokens Leave Binance: On-Chain Data
Major entities on the Ethereum network have accumulated decentralized oracle service Chainlink (LINK) over the past 14 days, on-chain data shows.
According to blockchain tracking service Lookonchain, a total of 30 addresses, which are potentially the same individual, collected 2.6 million LINK tokens worth over $18.5 million from crypto exchange Binance.
“Whales collect LINK recently.
– 30 new addresses (maybe the same whale) collected a total of 2,645,590 LINK ($18.52 million) from Binance in the last 2 weeks.
– Whale “0xD51b” bought 367,814 LINK with 2,422,717 USDT at a price of $6.59 on March 15th.
According to Chainlink, seven of the services were integrated into six different blockchains in the past week, including Arbitrum, Avalanche, BNBChain, Ethereum, Optimism, and Polygon.
At the time of writing, LINK is trading at $7.42, up 2.7% on the day.
Lookonchain also saw Ethereum whales making big moves over the weekend. According to the firm, A whale sent over $50 million in stablecoins to Binance in two transactions on Saturday, making one large ETH purchase so far.
“A whale transferred 30.73 million USDC to #Binance yesterday and received 14,683 $ETH ($26 million) from Binance 5 minutes ago.
Then transferred 19.68 million USDT to Binance again 20 minutes ago.”
Lookonchain previously reported that crypto whales are increasing the price of privacy-centric altcoin MASK token during March, helping it outperform most of the digital asset markets.
“The price of MASK increased by ~44% today.
This market maker received 3.5 million MASK from the address ‘0x5459’ [on March 17th].
At the same time, several related addresses withdrew MASK from the exchanges one after the other.
Raise the price of MASK again!”
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Featured image: Shutterstock/GrandeDuc
