A Cryptocurrency Whale Accumulates a Significant Amount of Chainlink (LINK), purchasing 3,129,001 LINK tokens for approximately $3.81 million over the past eight hours, according to a report released by Lookonchain analytics. The purchase price for each LINK token was $12.17, closely matching the current trading price on major exchanges.
This activity comes at a time when the 24-hour trading range for Chainlink has been between $11.76 and $12.50, as reported by [source].
The current market capitalization for Chainlink is approximately $6.89 billion, with a 24-hour trading volume of $729.95 million.
The investor, known as the “Smart Money,” has a track record of profitable cryptocurrency transactions, with a total profit exceeding $3.9 million from trades involving various tokens. Previous successful trades include generating approximately $2.15 million from Rollbit (RLB) and around $1.8 million from Flexacoin (FLEX).
Transfer Token Transactions Spark Market Interest
A substantial amount of 3.8 million LINK, valued at approximately $46 million, has been transferred between undisclosed wallets. In related news, the cryptocurrency community is discussing an important Chainlink transfer operation tracked by Whale Alert. This transaction, documented on the blockchain, has garnered attention, particularly within the Ethereum community, as market participants speculate about potential market effects.
Wide-scale transfers such as these are often closely monitored as they can precede market-moving events, such as large sell orders or liquidity allocations.
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