On-chain data indicates that large Ethereum network entities have acquired the decentralized oracle service Chainlink (LINK) over the past 14 days.
According to the blockchain tracking firm Lookonchain, 30 addresses, which may represent the same individual, have amassed 2.6 million LINK tokens for almost $18.5 million worth of LINK tokens from the crypto exchange Binance.
Whales are accumulating $LINK recently.
— Lookonchain (@lookonchain) March 20, 2023
– 30 new addresses (maybe the same whale) accumulated a total of 2,645,590 $LINK ($18.52M) from #Binance in the past 2 weeks.
– Whale "0xD51b" bought 367,814 $LINK with 2,422,717 $USDT at a price of $6.59 on Mar 15. pic.twitter.com/PU3jbj6WxY
Seven of Chainlink’s services, including Arbitrum, Avalanche, BNBChain, Ethereum, Optimism, and Polygon, were integrated into six different blockchains within the past week, according to Chainlink.
At present, the value of LINK stands at $7.42, reflecting a rise of 2.7% during the day.
Additionally, Lookonchain observed Ethereum whales making significant trades over the weekend. According to the company, a whale sent over $50 million in stablecoins to Binance in two separate transactions on Saturday and has made one large ETH purchase to date.
A whale transferred 30.73M $USDC to #Binance yesterday and received 14,683 $ETH ($26M) from #Binance 5 mins ago.
— Lookonchain (@lookonchain) March 19, 2023
Then transferred 19.68M $USDT to #Binance again 20 mins ago.https://t.co/rlUmAxtWRZ pic.twitter.com/6YzB8cv7R3
Crypto whales, as previously reported by Lookonchain, helped the privacy-focused altcoin MASK token beat the majority of the digital asset markets in March by driving up its price.
The price of MASK increased by ~44% today.
— Lookonchain (@lookonchain) March 18, 2023
This market maker received 3.5M $MASK from address "0x5459" 19 hrs ago.
At the same time, multiple related addresses withdraw $MASK from exchanges one after another.
Drive up the price of $MASK again!https://t.co/5zDPsZMi8Y pic.twitter.com/iXa7mc6nR8