The altcoin attack of crypto money whales continues. They are now rushing for 5 altcoins. So which altcoins did these attacks take place? Let’s look at the details.
Whale movement for altcoin AAVE
According to Lookonchain’s tracking on June 25, there has been a significant increase in the price of altcoin AAVE. In just 5 hours, altcoin AAVE witnessed a notable 27% increase in connection with the activity of a whale address potentially starting with 0x5a80. cryptocoin.com The address, which has accumulated 182,152 altcoin AAVE coins (equivalent to approximately 13.2 million USD) through multiple addresses on their trading platforms, currently holds 399,585 AAVE coins (approximately 29 million USD worth).
An inactive whale address pulled 450,881 altcoin ARBs from Binance 6 hours ago, according to the tracking by Lookonchain on June 25. The amount is worth 450 thousand dollars. On the other hand, 260,961 OPs worth $350,000 and 30,313 ENS worth $275,000 were drawn. He then deposited 2 million USDT on Binance.
Mobility in TRON
Lookonchain also revealed that Justin Sun, the founder of Tron (TRX), recently deposited 11,910 altcoins AAVE (worth $776,000) on cryptocurrency exchange Huobi. This move, along with previous major AAVE transfers to Binance, has sparked speculation about Sun’s intentions. Potentially signaled readiness to sell AAVE.
On the other hand, Chainlink, an innovative oracle network that connects smart contracts to real-world data, is experiencing a surge in network activity. Address activity on the Chainlink network increased by 10%, indicating increased user engagement and on-chain interactions. Also, the bid-sell volume imbalance favors the bulls by 7%. Accordingly, this indicates a stronger demand for LINK compared to its current supply.
bullish indicator
These bullish indicators have had a positive impact on the price action of altcoin Chainlink. The cryptocurrency has surged 26% since its recent low. The price of Chainlink, which is currently trading at $6.3, reflects renewed interest from investors. It also potentially signals the end of the bearish phase.
The demand for real-world data integration on DeFi platforms is growing. Accordingly, Chainlink’s oracles are becoming more and more important. This trend has not only resulted in an increase in the use of Chainlink. It also positively affected the price of LINK. As the DeFi ecosystem expands, the demand for Chainlink’s oracle services is expected to continue to increase, potentially driving the price of altcoin LINK even higher.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and Instagramfollow on. Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.