dailyhodl.com
New deep-pocketed entities have accumulated the native asset of the decentralized oracle provider Chainlink ($LINK), according to blockchain tracking firm Lookonchain.
Lookonchain says that eight different addresses withdrew $16.72 million worth of $LINK tokens from Binance, the world’s largest crypto exchange.
“It seems that whales are buying $LINK!
We noticed that eight fresh wallets withdrew 831,160 $LINK ($16.72 million) from Binance in [two] days.”
Lookonchain spotted the following wallets withdrawing $LINK from Binance addresses:
- 0x64076fC5F5f83D04371a3Ee073595681899E1DB8
- 0x367E5d68935a3B3C7EdC0edB303EBf97b9B53B8D
- 0x45ec2C230115061ccE11184866AA2507F16c9b58
- 0xEA560ac7B1384AcCC675618e3b61b0A042187c93
- 0xe812302b1DFc20B1f99C069fd553d3E71DD98170
- 0xFa2dE5a6FfB5DFa68d5721432E748235B94D0152
- 0xCc6d2811aad0A576445B2DdD6EF2e9178f6C74Ee
- 0xB3f75aeb91f02C3B039E350Bdba33193c1c3f93F
Over the last several months, Lookonchain has tracked “mysterious” whales, likely institutions, accumulating $LINK. In February, Lookonchain said that the entities had acquired nearly a quarter billion dollars worth of $LINK, also via Binance withdrawals.
At time of writing, $LINK is trading at $21.29, up nearly 7% in the last 24 hours.
Lookonchain also has its eye on Dogecoin (DOGE) rival $FLOKI ($FLOKI), named after Elon Musk’s dog.
According to the firm, six wallets have all begun unstaking their $FLOKI coins and are taking $7.14 million in profit following the memecoin’s latest surge.
“The price of $FLOKI increased by ~75% [on March 9th]!
We noticed that whales started unstaking $FLOKI and selling for profits!
Six wallets have unstaked 30 billion $FLOKI ($7.14 million) in the [six] hours and are selling $FLOKI.”
At time of writing, $FLOKI is trading for $0.000278, up over 15% in the past day.