Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»TRADING NEWS»Is there massive accumulation in these two altcoins?
TRADING NEWS

Is there massive accumulation in these two altcoins?

By Crypto FlexsDecember 27, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is there massive accumulation in these two altcoins?
Share
Facebook Twitter LinkedIn Pinterest Email

Data from an on-chain analytics platform shows that whales are paying attention to two altcoins: Chainlink (LINK) and Maker (MKR).

Bitcoin (BTC) dominance has been on the decline for about a month. However, the BTC price did not fall significantly. This suggests that whales are cycling funds from BTC to altcoins.

Will Chainlink (LINK) become whales’ favorite altcoin again?

According to data from Spotonchain, whale wallet 0x8ead withdrew 136,146 LINK worth about $2.05 million from Binance on Wednesday. The platform also shows that whales have withdrawn a total of 348,007 LINK worth $5.58 million over the past nine days.

Finally, the screenshot below confirms that there has been a significant whale buildup on Chainlink. In the last 24 hours, LINK balances on centralized exchanges decreased by 175,090 tokens. Meanwhile, over the past seven days, the balance has decreased by at least 400,000 LINK tokens.

Read more: How to Buy Chainlink (LINK) and Everything You Need to Know

Chainlink Netflow. Source: IntoTheBlock

Chainlink (LINK) was one of the first movers in the bull rally that began in October 2023. However, for over a month, LINK’s price has been consolidating between roughly $13.6 and $16.6.

Will renewed interest in whales spark a new rally for LINK?

LINK/USDT, weekly timeframe, Binance.  Source: TradingView
LINK/USDT, weekly timeframe, Binance. Source: TradingView

$4.6 million worth of MKR was withdrawn from Fresh Wallet.

The newly created wallet, 0xe68e, withdrew 3,150 MKR tokens from Binance on Wednesday. According to the current market price, the token price is approximately $4.6 million.

Based on a 7-day period, the screenshot below shows that the MKR balance on the centralized exchange has decreased by 2130 tokens. However, in the last 24 hours, the balance on the centralized exchange has grown to over 2,000 tokens.

Negative net flow indicates that the supply of tokens on centralized exchanges is decreasing, which will eventually lead to less selling pressure. On the other hand, a positive net flow suggests there may be more supply waiting to be dumped into the market.

Read more: 8 Best On-Chain Analytics Tools of 2023

Maker Netflow.  Source: IntoTheBlock
Maker Netflow. Source: IntoTheBlock

Do you have anything to say about Whale’s altcoin accumulation or anything else? Write to us or join the discussion in our Telegram channel. TikTok, Facebook or X (Twitter).

Latest information from BeInCrypto bitcoin (BTC) analysis, Click here.

disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to unbiased and transparent reporting. These news articles aim to provide accurate and timely information. However, before making any decisions based on this content, readers are encouraged to check the facts and consult with experts. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

A new era of encryption? A Doj official says that a developer with a good intention is not a goal.

August 22, 2025

Since the leakage is not over, the price of Stellar (XLM) is faced with a fall.

August 21, 2025

Despite the ETF leakage, Bitcoin is steadily at $ 115K as whales purchase

August 19, 2025
Add A Comment

Comments are closed.

Recent Posts

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025

Partner relationship with SBI HOLDINGS to distribute RLUSD Stablecoin

August 22, 2025

MetaWin Announces “MetaWin Create” – Free AI Tools For All MetaWinners NFT Holders

August 22, 2025

A new era of encryption? A Doj official says that a developer with a good intention is not a goal.

August 22, 2025

ESCAPE Presale Live On Ethereum With $280K Raised, Hacken Audited And SolidProof KYC Verified

August 21, 2025

WhalePlay Beta Launch: Next-Level Social IGaming Platform

August 21, 2025

Hyra Network Wins Prestigious Chairman’s Award 2025 At WITSA Global AI Summit

August 21, 2025

Since the leakage is not over, the price of Stellar (XLM) is faced with a fall.

August 21, 2025

2025-26 discussions about which coins will be ranked first in Memecoin Cycle

August 21, 2025

Buyback And Burn Of $MBG Unveiled As MultiBank Group Posts $209M H1 Revenue

August 20, 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

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025

Partner relationship with SBI HOLDINGS to distribute RLUSD Stablecoin

August 22, 2025
Most Popular

Why Staking Was Removed from Ethereum ETF to Seek SEC Approval

May 26, 2024

How to earn a million dollars in $ 100 in 2025

May 2, 2025

INFINITE NODE posts a more detailed cryptopunks NFT book

May 30, 2025
  • 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.