While Bitcoin (BTC) continues to consolidate at the level of 42,000-43,000 dollars, some altcoins are leaving the market with their rises and some with their declines.
At this point, Chainlink (LINK), which has attracted attention with its recent rise, was among the altcoins that differentiated positively from the market.
While it was stated that whale accumulation was 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In the last 3 hours, 8 new wallets (probably an individual/organization) simultaneously withdrawn 227,350 LINK (worth $4.12 million) at an average price of $18.1.
Notably, most of these tokens were withdrawn from CEX before the price suddenly increased by approximately 4.1%.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?”
LINK, which has increased by 8.6% in the last 24 hours, has become the second highest rising altcoin and continues to be traded 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In the past 3 hours, 8 fresh wallets (likely one individual/institution) have jointly withdrawn 227,350 $LINK ($4.12M) at ~$18.1.
Notably, most of these tokens were withdrawn from CEX before the price abruptly jumped by ~4.1% just now.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.