When the on-chain data is analyzed, it is seen that crypto money whales have recently accumulated from the Chainlink (LINK) altcoin.
According to Data, 30 Different Cryptocurrency Addresses Have Been Accumulating From The Same Altcoin For The Last Two Weeks
Perhaps 30 crypto wallets representing different addresses of the same whale or formed in different whales have accumulated 2,645,590 LINK tokens from Binance in the last two weeks.
One of the whales bought 367,814 LINK altcoins on March 15, paying 2.44 million USDT. The whale bought these coins for an average of $6.59.
At the time of this writing, the LINK price is trading at $ 7.19. The whale in question has thus made a profit of approximately 10% from its last purchase. The total profit of the whale is around 204,000 dollars.
When the other tokens in the wallet of the same whale are examined, it is seen that they contain small amounts of Maker (MKR) and OMG Network (OMG).
Founded in 2017, Chainlink is a blockchain abstraction layer that enables globally connected smart contracts.
Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data streams, events, and payment methods, ensuring that the critical off-chain information required by complex smart contracts is available when needed.
Sergey Nazarov is the co-founder of Chainlink Labs and also the founder of the LINK altcoin.
The LINK price hit an all-time high of $52 on May 10, 2021.
*Not investment advice.
