Hot news about Chainlink: Noteworthy LINK deposit event
Large LINK deposit transaction into Binance
On June 21, a notable on-chain activity was recorded. According to chain analytics expert @ai_9684xtpa, the address providing the circulating supply of Chainlink deposited 3 million LINK into the Binance exchange. This transaction only took about 7 hours to complete. The value of the deposited LINK reached 37.53 million USD, reflecting the strength of the activities of whales or large institutions in the cryptocurrency market.
Detailed information on LINK deposit activities
This activity is seen as an important signal regarding the trend of Chainlink. The last time this address deposited a large amount of LINK into Binance was 3 months ago. This event may signal a shift in strategy from institutional investors or oracle data operators in the blockchain ecosystem. Analysts predict this activity could cause significant volatility for the price of LINK in the short term.
Market significance and predictions
Depositing LINK into Binance indicates the readiness for large trading activities or exit strategies by institutional investors. If this trend continues, it could lead to a strong correction in the price of Chainlink's cryptocurrency. Investors should closely monitor on-chain activities to capture potential trends in the blockchain market that contain many profit opportunities.
Source: https://tintucbitcoin.com/chainlink-chuyen-3-trieu-link-sang-binance/
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