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Home»ALTCOIN NEWS»New whales suddenly accumulate Chainlink (LINK) and one additional Ethereum-based altcoin: Lookonchain
ALTCOIN NEWS

New whales suddenly accumulate Chainlink (LINK) and one additional Ethereum-based altcoin: Lookonchain

By Crypto FlexsDecember 27, 20232 Mins Read
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New whales suddenly accumulate Chainlink (LINK) and one additional Ethereum-based altcoin: Lookonchain
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Deep-pocketed investors are suddenly buying huge amounts of Chainlink (LINK) and other Ethereum (ETH)-based altcoins, according to on-chain data.

Blockchain Data Tracker Lookonchain notice The newly created cryptocurrency whale wallet was using leading global cryptocurrency exchange Binance on Wednesday to accumulate two digital assets.

According to Lookonchain, one cryptocurrency whale has bought over $4 million worth of decentralized finance (DeFi) protocol Maker (MKR).

“Today, MKR and LINK are accumulating in new whale wallets.

0xE68E withdrew 3,150 MKR ($4.55 million) from Binance (Wednesday).”

Source: Lookonchain/X

Maker is trading at $1,489 at the time of this writing, up 4.8% in the last 24 hours.

Lookonchain said another whale was heaping on decentralized oracle provider Chainlink, loading $2 million worth of LINK on Wednesday, on top of about $5.8 million it bought 10 days earlier.

“0x8eAD withdrew 136,146 LINK ($2.05M) from Binance (Wednesday) and 384,006 LINK ($5.79M) from Binance over the last 10 days.”

video
Source: Lookonchain/X

Chainlink is trading at $16.40 at the time of this writing, up 9.4% in the last 24 hours.

Look on chain too notice A cryptocurrency whale has made huge profits by trading the decentralized finance (DeFi) lending protocol Aave (AAVE).

“In 3.6 years, these early AAVE buyers turned $500,000 into $13 million, earning $12.5 million (25x)! He sold 30,000 AAVE ($3.01M) through Cumberland for a profit (Tuesday) with 100,000 AAVE ($10M) remaining. He spent 500,000 USDC to purchase 12.5 million LEND at $0.04 on May 6, 2020 (transferring to 12,500 AAVE).”

video
Source: Lookonchain/X

Aave is trading at $109.50 at the time of this writing, up 6.6% in the last 24 hours.

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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 will be responsible for any losses you may incur. 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/Tithi Luadthong

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