According to the latest on-chain data, a large whale has purchased a large amount of Chainlink (LINK).
Whale purchased 400,000 LINK tokens worth more than $3 million using stETH and USDC.
According to data from Etherscan, the whale spent 1,757 stETH ($3.3 million) purchasing 411,142 LINK two hours ago at an average of $8.06.
The total amount of LINK purchased by the whale is 476,865, which corresponds to approximately 0.15% of the total LINK supply.
On the other hand, a16z, one of the strongest venture capital firms in the cryptocurrency space, has invested more MKR tokens on Coinbase, the largest US-based crypto exchange.
On the other hand, a16z recently deposited 1,380 MKR ($1.52 million) again to Coinbase via the address “0x1279”. Address “0x1279” currently costs 5,520 MKR ($6 million).
The same address also deposited $1,380 MKR ($1.5 million) on Coinbase on July 19.
LINK price is trading at $ 8.03 at the time of writing, while MKR is hovering around $ 1,100.
*Not investment advice.