The latest report from the blockchain data analysis platform Onchain Lens shows that a large investor recently withdrew a significant amount of Chainlink (LINK) tokens from the well-known crypto assets exchange Binance. This withdrawal involved 124,856 LINK, which is approximately equivalent to 2.73 million dollars at current market prices.
This is not the first time this investor has made a large-scale withdrawal of LINK. Data shows that in the past two months, this investor has withdrawn a total of 304,003 LINK from Binance, with a total value of nearly 6.63 million dollars. It is worth noting that due to the recent increase in LINK prices, this batch of tokens has currently brought about 1.5 million dollars in paper profit to the holders.
This series of large withdrawals has sparked market attention on the future trend of LINK. Some analysts believe that large investors moving assets from the exchange to personal wallets may indicate their optimism about LINK's long-term development prospects and readiness for long-term holding. However, there are also views suggesting that this could be to participate in staking or other DeFi activities within the Chainlink ecosystem.
In any case, such a scale of capital flow will undoubtedly affect the market supply and demand relationship of LINK. Investors should closely monitor subsequent developments and make judgments in conjunction with other market factors.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
24 Likes
Reward
24
9
Repost
Share
Comment
0/400
MiningDisasterSurvivor
· 08-18 15:37
In the 18 years of Mine Disasters, how many seemingly respectable projects ended up being Rug Pulls.
View OriginalReply0
BoredStaker
· 08-18 03:59
You really know how to have fun!
View OriginalReply0
SighingCashier
· 08-18 00:57
So wealthy, truly a top influencer.
View OriginalReply0
CoffeeNFTrader
· 08-16 05:51
Large Investors Large Investors suckers belong to
View OriginalReply0
RiddleMaster
· 08-16 05:51
Can link still rise? Just watching the show.
View OriginalReply0
DaisyUnicorn
· 08-16 05:50
Oh no, the on-chain little flowers are starting to move again~ Which family's flower bed has been emptied?
View OriginalReply0
GateUser-aa7df71e
· 08-16 05:50
Large Investors start to accumulate coins, believing that the future market is the key.
The latest report from the blockchain data analysis platform Onchain Lens shows that a large investor recently withdrew a significant amount of Chainlink (LINK) tokens from the well-known crypto assets exchange Binance. This withdrawal involved 124,856 LINK, which is approximately equivalent to 2.73 million dollars at current market prices.
This is not the first time this investor has made a large-scale withdrawal of LINK. Data shows that in the past two months, this investor has withdrawn a total of 304,003 LINK from Binance, with a total value of nearly 6.63 million dollars. It is worth noting that due to the recent increase in LINK prices, this batch of tokens has currently brought about 1.5 million dollars in paper profit to the holders.
This series of large withdrawals has sparked market attention on the future trend of LINK. Some analysts believe that large investors moving assets from the exchange to personal wallets may indicate their optimism about LINK's long-term development prospects and readiness for long-term holding. However, there are also views suggesting that this could be to participate in staking or other DeFi activities within the Chainlink ecosystem.
In any case, such a scale of capital flow will undoubtedly affect the market supply and demand relationship of LINK. Investors should closely monitor subsequent developments and make judgments in conjunction with other market factors.