Chainlink Holders Move $5,000,000 LINK from This Exchange – Sign of Accumulation?

2023-9-19 17:30

In a recent observation by Lookonchain, a blockchain analytics firm, approximately 35 new wallets were created just three days ago. These wallets have started to withdraw Chainlink (LINK) tokens from Binance, one of the world’s leading cryptocurrency exchanges. The total amount withdrawn so far is a staggering 755,687 LINK, equivalent to $5.08 million. This raises the question: Are these the actions of whales accumulating LINK, or is there a more strategic play at hand?

The Chainlink Noncirculating Supply Wallet

Interestingly, this activity coincides with another significant transaction. A Chainlink Noncirculating Supply wallet deposited a jaw-dropping 15.7 million LINK (valued at $97.5 million) into Binance three days ago. Could these two events be related? The timing is certainly curious, and it begs the question of whether these new wallets are part of a larger strategy involving Chainlink’s noncirculating supply.

The Fresh Wallets List

For those interested in diving deeper, Lookonchain has provided a comprehensive list of the fresh wallets that have withdrawn LINK from Binance. This could serve as a valuable resource for analysts and investors looking to understand the dynamics behind these large-scale transactions.

Speculations and Implications

While it’s tempting to speculate that whales are accumulating LINK, the deposit from the Chainlink Noncirculating Supply wallet suggests that there might be more to the story. This could be part of a broader strategy by Chainlink or related entities to manage liquidity, facilitate partnerships, or prepare for upcoming developments.

Conclusion

The recent wallet activities involving Chainlink have sparked intrigue and speculation within the crypto community. Whether these are the actions of whales or strategic moves by Chainlink remains to be seen. Either way, these transactions are a testament to the high-stakes, fast-paced world of cryptocurrency, where millions can move in the blink of an eye.

We recommend eToro 74% of retail CFD accounts lose money. Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.

The post Chainlink Holders Move $5,000,000 LINK from This Exchange – Sign of Accumulation? appeared first on CaptainAltcoin.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

ChainLink (LINK) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $17.68
Капитализация $0 Rank 99999
Цена в час новости $ 6.8218 (-100%)

link chainlink wallets these started ago withdraw

Источник: captainaltcoin.com

link chainlink → Результатов: 126


Открытый интерес к фьючерсам на Chainlink приблизился к $110 млн

Стоимость альткоина Chainlink (LINK) за неделю выросла почти на 9%. Он оказался одним из самых результативных на крипторынке за последние 24 часа. В ночь на пятницу, 8 сентября, LINK подорожал до $6,34.

2023-9-8 00:10


Фото:

Chainlink упал до $7,5 из-за ослабления активности крупных трейдеров

За последние семь дней капитализация Chainlink (LINK) увеличилась почти на 6% до $4,087 млрд. В начале недели альткоин укреплялся, благодаря активизации адресов, контролирующих от 100 000 до 10 млн LINK.

2023-8-11 00:51


Chainlink Price Pattern Formation: What It Means For Its Price Action

In recent trading sessions, Chainlink (LINK) has exhibited a bullish trend. It experienced a significant rebound from its $5 support level and has since continued on an upward trajectory. Related Reading: Litecoin Whales Deposit Big To Exchanges, Bearish Sign? Over the past week, LINK has surged more than 12%, although its daily chart indicates a slowdown in gains.

2023-7-19 03:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Technicals Reveal Ripple’s XRP Price May Break Out Above $1.5 and Rally to $7.5 – Here’s How

A new technical formation takes shape on the Ripple (XRP) price chart, which has renewed the possibility of a potential surge. According to EGRAG Crypto, a renowned crypto analyst, a white Triangle pattern is emerging, incorporating highs from 2021, and it heralds the arrival of the “Genuine Wake-Up Line” – a potential catalyst for a […] The post Technicals Reveal Ripple’s XRP Price May Break Out Above $1.

Chimpzee vs. dogwifhat: Which Meme Coin Stands for More Than Profit?

Chimpzee, the coin with a multipurpose usage, allows investors to earn profit while also contributing to the preservation of the planet and its wildlife. Having garnered significant interest ahead of many meme coins, it stands tall even when compared side by side with tokens like dogwifhat (WIF), offering more than just profit generation.