According to cryptocurrency tracking site Lookonchain, whales are feasting on decentralized oracle network Chainlink (LINK).
Lookonchain notes that 54 new wallets have withdrawn 2.08 million LINK worth $30.28 million from Binance in the past seven days. The cryptocurrency tracker says the addresses may belong to an institution.
LINK is trading at $14.43 at the time of writing. The 17th largest cryptocurrency by market cap is up more than 1.5% over the past seven days.
Lookonchain also noted that the German government transferred 1,500 Bitcoin (BTC) worth $94.7 million on Monday. Of that amount, 400 BTC worth $25.3 million were transferred to cryptocurrency exchanges Bitstamp, Coinbase, and Kraken.
The German government still 44,692 BTC Value According to cryptocurrency tracking site, that’s $2.82 billion.
Germany is selling BTC seized by authorities during an investigation into Movie2k.to, a now-defunct illegal streaming site that is accused of distributing over 880,000 pirated movies between 2008 and May 2013.
The Dresden prosecutor’s office said the two operators of the site used the proceeds from their illegal activities to purchase bitcoins.
Police have seized around 50,000 BTC in connection with this investigation, the largest seizure of its kind to date in Germany.
Bitcoin is trading at $62,072 at the time of writing. The largest cryptocurrency by market cap is down more than 1% in the past 24 hours.
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