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Giant Whale Sells Ethereum and Builds a Massive Stash of this Altcoin

source-logo  en.bitcoinsistemi.com 22 July 2023 18:53, UTC

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.

en.bitcoinsistemi.com