The cryptocurrency whale, which has amassed massive amounts of Chainlink (LINK) over the past two months, is now making another big move, on-chain data shows.
According to blockchain tracking service Lookonchain, the deep-pocketed investor held a massive holding of 11 million LINK using 81 different wallets.
Now the whale is just moving 1.92 million LINKs on leading cryptocurrency exchange Binance.
“Whale, which accumulated approximately 11 million LINK ($80.32 million) across 81 wallets in September and October, began depositing LINK to Binance on November 22.
The whale deposited 1.92 million LINK ($27.8 million) on Binance and will earn approximately $14 million after the sale.”
Chainlink, a leading blockchain oracle provider, is trading at $14.38 at the time of this writing, up 1.5% over the past seven days. The value of assets held by whales at the current LINK value, including Binance deposits, has increased to approximately $158.1 million after purchasing approximately $80 million.
Next is Lookonchain announcement Another cryptocurrency whale amassed huge amounts of Ethereum (ETH) earlier this month when the major smart contract platform was trading in the $1,800 range, and now that ETH is trading above the $2,000 level, traders are selling even more. I did.
“One whale dumped 3,150 ETH ($6.37 million) on Thursday at an average price of ~$2,023, making ~$546,000. Whales bought 2,762 ETH ($5.04 million) at an average price of $1,825 on November 2.”
Ethereum is trading at $2,036 at the time of writing and has fallen slightly over the past 24 hours.
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Featured image: Shutterstock/Olga Medvedeva