It is impossible to deny the weight of Turks in the world of crypto money. Now a news for altcoin LINK. Altcoin is closely followed by Turks. However, a crypto company has started selling its LINKs. Let’s look at the details of our news.
Altcoin LINK withdrawal and sale
There is news from Chun Wang, the famous founder of f2pool, one of the largest Bitcoin mining pools in the world. Accordingly, it recently made headlines after selling 200,000 altcoinLINK tokens. Commenting on this move, Wang implied a cautious outlook in the crypto market, noting that “bears are hungry.”
Lookonchain data revealed that Wang’s wallet pulled $1.5 million worth of LINK liquidity from Uniswap about five hours ago. After the withdrawal, the tokens were quickly sold. Wang received $1.38 million worth of altcoin ETH from the sale. It also went on to convert $155,000 into USDC.
Selling at an average price of $7.7
Wang’s sales strategy was calculated to take advantage of market conditions. In addition, his approach was accordingly. It made its sale at an average of $ 7.7.
Interestingly, Wang shared a video featuring polar bears. Also under it “Bears are hungry. They need money to buy food.” dropped your message. The encrypted message caused many to speculate about the intentions behind the big sale.
Altcoin LINK’s price fluctuations
Last week, the price of altcoin LINK experienced a sharp increase. Accordingly, it reached up to $ 8.4. However, with the start of a new week, the value of altcoin LINK has once again dropped below $8. All this pointed to the volatility in the market.
Wang’s wallet holds a staggering $269 million in assets. Also, $200 million of this amount is waiting to be staked in altcoin ETH. The rest of their assets are spread across various staking and lending protocols. On the other hand, this provides him with passive income opportunities on different platforms.
Market watchers are watching closely
Wang’s strategic moves and cryptic messages caught the attention of market watchers. Also, the crypto community is eagerly awaiting further development. The bearish trend implied by Wang’s actions has sparked discussions about potential market trends in the coming days.
cryptocoin.com As a result, Chun Wang’s recent sale of 200,000 LINK tokens and the encrypted message he shared attracted attention in the crypto world. The reaction of the market to Wang’s actions is among the expectations. In addition, the next price movements of altcoin LINK will be closely watched by both investors and analysts.
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