A new group of well-funded companies has amassed the underlying assets of decentralized oracle provider Chainlink (LINK), according to blockchain tracking firm Lookonchain.
Look on chain Called Eight different addresses withdrew $16.72 million worth of LINK tokens from Binance, the world’s largest cryptocurrency exchange.
“I think whales are buying LINK!
We saw that 8 new wallets withdrew 831,160 LINK ($16.72 million) from Binance in (2) days.”
Lookonchain discovered the following wallets withdrawing LINK from Binance addresses:
Over the past few months, Lookonchain has been tracking the “mysterious” whale, an entity that accumulates LINK. Last February, Lookonchain revealed that the company had acquired approximately $200 million worth of LINK through Binance withdrawals.
As of this writing, LINK is trading at $21.29, up nearly 7% in the last 24 hours.
Lookonchain is also keeping an eye on Dogecoin (DOGE) rival FLOKI (FLOKI), named after Elon Musk’s dog.
Six, according to the company. wallet Everyone has started unstaking FLOKI coins and is earning $7.14 million after the recent memecoin surge.
“FLOKI price is up ~75% (as of March 9th)!
We found out that whales are starting to unstake FLOKI and sell it for a profit!
6 wallets are unstaking 30 billion FLOKI ($7.14 million) and selling FLOKI in (6) hours.”
As of this writing, FLOKI is trading at $0.000278, up more than 15% in the past day.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us TwitterFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Featured image: Shutterstock/Terablete