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Crypto Whales Rapidly Accumulating Chainlink As Millions of LINK Tokens Leave Binance: On-Chain Data

March 20, 2023
in Altcoin
Reading Time: 2 mins read
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Giant entities on the Ethereum community have been accumulating decentralized oracle service Chainlink (LINK) during the last 14 days, on-chain information reveals.

In keeping with blockchain monitoring service Lookonchain, a complete of 30 addresses, that are doubtlessly the identical particular person, have accrued 2.6 million LINK tokens price over $18.5 million from crypto trade Binance.

“Whales are accumulating LINK just lately.

– 30 new addresses (perhaps the identical whale) accrued a complete of two,645,590 LINK ($18.52M) from Binance prior to now 2 weeks.

– Whale “0xD51b” purchased 367,814 LINK with 2,422,717 USDT at a worth of $6.59 on Mar 15.”

Image
Supply: Lookonchain/Twitter

In keeping with Chainlink, seven of its companies have been built-in into six totally different blockchains during the last week, together with Arbitrum, Avalanche, BNBChain, Ethereum, Optimism, and Polygon.

At time of writing, LINK is buying and selling at $7.42, up 2.7% on the day.

Lookonchain additionally noticed Ethereum whales making massive strikes over the weekend. In keeping with the agency, A whale despatched over $50 million in stablecoins to Binance in two transactions on Saturday, and has to this point made one massive ETH buy.

“A whale transferred 30.73M USDC to #Binance yesterday and obtained 14,683 $ETH ($26M) from Binance 5 minutes in the past.

Then transferred 19.68M USDT to Binance once more 20 minutes in the past.”

Lookonchain beforehand reported crypto whales driving up the value of privacy-centric altcoin MASK token all through March, serving to it outperform many of the digital asset markets.

“The worth of MASK elevated by ~44% immediately.

This market maker obtained 3.5 million MASK from tackle ‘0x5459’ [on March 17th].

On the similar time, a number of associated addresses withdrew MASK from exchanges one after one other.

Drive up the value of MASK once more!”

Image
Supply: Lookonchain/Twitter

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Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any loses you might incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please notice that The Every day Hodl participates in internet affiliate marketing.

Featured Picture: Shutterstock/GrandeDuc

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Tags: AccumulatingBinanceChainlinkCryptoDataLeavelinkMillionsOnChainRapidlyTokensWhales
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