Crypto Whales Make Waves: Massive Moves in LINK and ETH Markets
Recent data has shed light on a significant player in the crypto market, demonstrating substantial moves detected by on-chain trackers.
Lookonchain, a platform specializing in monitoring blockchain activities, revealed the actions of an influential investor who, over the last couple of months, strategically amassed a substantial 11 million LINK tokens.
This accumulation was spread across an intricate network of 81 different wallets.
The investor recently executed a strategic move, transferring a sizable portion—specifically 1.92 million LINK, valued at around $27.8 million—to the well-known crypto exchange, Binance.
The maneuver appears to aim for a significant gain, estimated at about $14 million post-sale.
Considering the recent deposit on Binance, the total value of the investor’s holdings has surged to an estimated $158.1 million, marking a substantial leap from the initial $80 million investment.
Meanwhile, Lookonchain’s data also spotlighted another major player, this time in the Ethereum (ETH) market.
READ MORE: Philippines SEC Warns Against Binance: Unlicensed Territory for Crypto Investors
This investor entered the scene earlier this month during a trading phase where Ethereum was hovering around $1,800. Subsequently, this investor made a notable sale as the price of ETH surpassed the $2,000 mark.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
