Crypto Whale Moves 1.92 Million Chainlink (LINK) to Binance
A large crypto whale who acquired a significant amount of Chainlink (LINK) over the past two months has made another major move, according to on-chain data. The investor used 81 different wallets to accumulate a massive holding of 11 million LINK, and has now transferred 1.92 million LINK to the popular exchange Binance.
This whale has been gradually depositing their LINK holdings on Binance since November 22nd. With the current value of LINK at $14.38, the whale’s holdings, including the deposit on Binance, are now worth approximately $158.1 million – an increase from the initial $80 million purchase.
Another Whale Sells Large Amount of Ethereum (ETH)
In addition to the Chainlink whale, another crypto whale has recently sold off a substantial amount of Ethereum (ETH). This trader acquired 2,762 ETH in early November at an average price of $1,825 and sold 3,150 ETH on Thursday at an average price of $2,023. The sale yielded a profit of around $546,000.
At the time of writing, Ethereum is trading at $2,036.
Hot Take: Crypto Whales Making Big Moves
Crypto whales continue to make significant moves in the market. One whale has transferred a substantial amount of Chainlink (LINK) to Binance, potentially indicating their intention to sell and take profits. Another whale has sold off a large portion of their Ethereum (ETH) holdings after acquiring them at a lower price earlier this month.
These actions by crypto whales can have an impact on market sentiment and prices. It will be interesting to see how these moves affect the overall market and whether other whales follow suit.
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