An unknown entity, likely an institution, has accumulated nearly a quarter of a billion dollars worth of oracle provider Chainlink (LINK), according to on-chain data.
Blockchain tracking firm Lookonchain initially reported earlier this month that a series of fresh wallets belonging to a mysterious institution had started withdrawing large amounts of LINK from crypto exchange Binance.
Less than two weeks later, Lookonchain says there are now dozens of wallets that may belong to the same institution that collectively accumulated more than $200 million worth of LINK.
“83 fresh wallets(may belong to the same institution) withdrew a total of 11,097,687 LINK( $216.4 million) from Binance in the past two weeks.”
Source: Lookonchain/X
In the month of February, LINK is up over 30%, currently trading for $20.22.
Recently, closely followed crypto analyst Altcoin Sherpa expressed long-term bullishness on Chainlink, suggesting that LINK just successfully broke out of a range between $12 and $16
We współpracy z: https://dailyhodl.com/2024/02/19/mysterious-institution-accumulates-over-216000000-chainlink-link-in-two-weeks-lookonchain/
