$11.11M in Chainlink (LINK) Flows Into World’s Largest Crypto Exchange
The post $11.11M in Chainlink (LINK) Flows Into World’s Largest Crypto Exchange appeared on BitcoinEthereumNews.com. A whale dump? Chainlink in red As the crypto market continues to see leading cryptocurrencies trading sideways amid persisting market troubles, a large crypto deposit involving 722,416 Chainlink has been spotted by the popular on-chain monitoring firm, Lookonchain, according to a recent X post. A whale dump? According to data provided by the source, a whale identified with the wallet “0x33f7” has deposited large amounts of Chainlink, worth a massive $11.11M, on the world’s largest crypto exchange, Binance. This massive crypto transfer has raised eyebrows among market participants, as it suggests a sell-off attempt by a large Chainlink holder. You Might Also Like The deposit history provided by the source revealed that the same whale had initially deposited 100 LINK tokens worth $1.54k to the same exchange a minute before the large transaction was conducted. Thus, both transactions stunned the leading exchange in less than 3 minutes. At the time of the withdrawal, the price of LINK was trading at around $15.4 per token, showing bearish signals as the broad crypto market remained highly volatile. Chainlink in red Amid the distressing market condition, Chainlink has remained in the red zone, showing a decrease of 0.53% over the last day. Nonetheless, data from CoinMarketCap shows that the price of LINK has held steady since the time the transaction was executed till press time, at around $15.47. Amid the distressing market condition, Chainlink has remained in the red zone, showing a decrease of 0.53% over the last day. Nonetheless, data from CoinMarketCap shows that the price of LINK has held steady since the time the transaction was executed until press time, at around $15.47. Source: CoinMarketCap The trading dynamics of Chainlink over the last day have raised concerns that investors might be increasingly dumping their tokens on exchanges to sell. While LINK…
The post $11.11M in Chainlink (LINK) Flows Into World’s Largest Crypto Exchange appeared on BitcoinEthereumNews.com.
A whale dump? Chainlink in red As the crypto market continues to see leading cryptocurrencies trading sideways amid persisting market troubles, a large crypto deposit involving 722,416 Chainlink has been spotted by the popular on-chain monitoring firm, Lookonchain, according to a recent X post. A whale dump? According to data provided by the source, a whale identified with the wallet “0x33f7” has deposited large amounts of Chainlink, worth a massive $11.11M, on the world’s largest crypto exchange, Binance. This massive crypto transfer has raised eyebrows among market participants, as it suggests a sell-off attempt by a large Chainlink holder. You Might Also Like The deposit history provided by the source revealed that the same whale had initially deposited 100 LINK tokens worth $1.54k to the same exchange a minute before the large transaction was conducted. Thus, both transactions stunned the leading exchange in less than 3 minutes. At the time of the withdrawal, the price of LINK was trading at around $15.4 per token, showing bearish signals as the broad crypto market remained highly volatile. Chainlink in red Amid the distressing market condition, Chainlink has remained in the red zone, showing a decrease of 0.53% over the last day. Nonetheless, data from CoinMarketCap shows that the price of LINK has held steady since the time the transaction was executed till press time, at around $15.47. Amid the distressing market condition, Chainlink has remained in the red zone, showing a decrease of 0.53% over the last day. Nonetheless, data from CoinMarketCap shows that the price of LINK has held steady since the time the transaction was executed until press time, at around $15.47. Source: CoinMarketCap The trading dynamics of Chainlink over the last day have raised concerns that investors might be increasingly dumping their tokens on exchanges to sell. While LINK…
What's Your Reaction?
