Bitcoin (BTC) While it continues to consolidate at the level of 42,000-43,000 dollars, some altcoins Some leave the market with their rise and some with their decline.
At this point, which has attracted attention with its recent rise Chainlink (LINK) It was among the altcoins that differentiated positively from the market.
It is stated that whale accumulation is behind this rise. Spot on Chain said that 8 new wallets, considered to be corporate and belonging to the same person, purchased LINK worth $ 4.12 million.
Accordingly, these new wallets simultaneously purchased 227,350 LINK worth $4.12 million from Binance at an average price of $18.1.
“Are institutions accumulating LINK?
In the last 3 hours, 8 new wallets (probably an individual/organization) simultaneously withdrawn 227,350 LINK (worth $4.12 million) at an average price of $18.1.
Notably, most of these tokens were withdrawn from CEX before the price suddenly increased by approximately 4.1%.
Will these wallets accumulate more LINK?”
Experiencing an increase of 8.6% in the last 24 hours LINKbecame the second highest rising altcoin and continues to trade at $19.4 at the time of writing.
Are institutions accumulating $LINK?
In the past 3 hours, 8 fresh wallets (likely one individual/institution) have jointly withdrawn 227,350 $LINK ($4.12M) at ~$18.1.
Notably, most of these tokens were withdrawn from CEX before the price abruptly jumped by ~4.1% just now.
Will… pic.twitter.com/jVYL0nXw5N
— Spot On Chain (@spotonchain) February 5, 2024
*This is not investment advice.
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