A crypto whale who accumulated huge amounts of Chainlink (LINK) in the last two months is now making another big move, on-chain data shows.
According to blockchain tracking service Lookonchain, the deep-pocketed investor used 81 different wallets to build up a massive holding of 11 million LINK.
[adinserter block="1"]Now, the whale just moved 1.92 million LINK to the leading crypto exchange Binance.
“The whale, which accumulated ~11 million LINK ($80.32 million) via 81 wallets in September and October, has started depositing LINK to Binance since November 22nd.
The whale has deposited 1.92 million LINK ($27.8 million) to Binance and will make ~$14 million after selling.”
Top blockchain oracle provider Chainlink is trading for $14.38, at time of writing, up 1.5% in the past seven days. The whale’s holdings at the current LINK value, including the deposit on Binance, increased in value to about $158.1 million since the approximate $80 million purchase.
Next up, Lookonchain notices another crypto whale accumulated a huge amount of Ethereum (ETH) earlier this month when the leading smart contract platform was trading in the $1,800 range and the trader now just sold off an even larger amount as ETH trades above the $2,000 level.
“A whale dumped 3,150 ETH ($6.37 million) [on Thursday] at an average price of ~$2,023, making ~$546,000. The whale bought 2,762 ETH ($5.04 million) on November 2nd at an average price of $1,825.”
Ethereum is trading for $2,036 at time of writing, down slightly in the past 24 hours.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Olga Medvedeva
