Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»According to Lookonchain, a mysterious organization accumulating large amounts of Chainlink (LINK)
ALTCOIN NEWS

According to Lookonchain, a mysterious organization accumulating large amounts of Chainlink (LINK)

By Crypto FlexsFebruary 7, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
According to Lookonchain, a mysterious organization accumulating large amounts of Chainlink (LINK)
Share
Facebook Twitter LinkedIn Pinterest Email

A mysterious cryptocurrency whale or entity appears to have gobbled up a massive amount of the native assets of decentralized oracle network Chainlink (LINK), according to blockchain tracking firm Lookonchain.

Look on chain note Over two days, a total of 47 new wallets withdrew 2,237,504 LINK worth $42.38 million from Binance, the leading cryptocurrency exchange.

Source: Lookonchain/X

LINK is trading at $18.21 at the time of this writing. The 13th-largest cryptocurrency asset by market capitalization is down more than 5% in the last 24 hours, but is up nearly 15% in the past week and more than 39% in the past month.

Cryptocurrency analytics firm Santiment noted earlier this month that Chainlink’s recent rally could continue despite a sudden drop in LINK wallets. The company said a sharp drop in wallets usually signals a market capitulation due to fear, uncertainty and doubt (FUD), which could indicate that prices could soon surge.

“Chainlink jumped ahead of the altcoin pack after some previously dormant wallets generated the highest age spend spike (5.38 billion, calculated by multiplying the number of coins moved by the number of days those coins were dormant). This influx of LINK into network circulation likely contributed to the price surge.

There have also been minor liquidations of wallets on the network, which is often a sign of FUD that can contribute to price increases.”

video
Source: Santiment/X

Despite LINK’s recent price rally, it remains more than 65% below its all-time high of $52.70 hit in May 2021, according to CoinGecko.

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

Check out the latest news headlines

&nbsp

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.

Image created: DALLE3

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

Piranha Pays Slot proves that every pet grows!

April 15, 2024

OKX Ventures Backs Blum: Telect Trading App is expanded in Ton ecosystems.

February 16, 2025

Whales Pass $24M Compound Finance Proposal Despite DAO Opposition

July 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.