Five cryptocurrency wallets suspected to belong to the same owner spent 4,806 ETH to buy 938,489 LINK with a total value of approximately $21.23 million.
The Onchain Lens tracking data published on August 17 shows that this transaction occurred at an average price of around $22.62 per LINK. This is one of the large purchases in the Token Chainlink market recently.
MAIN CONTENT
Five suspected linked wallets spent 4,806 ETH to buy a total of 938,489 LINK.
The average price per LINK is approximately $22.62.
The transaction value is equivalent to nearly $21.23 million.
What is the largest recorded LINK purchase transaction?
Data from Onchain Lens shows that five related wallets spent 4,806 ETH to purchase a total of 938,489 LINK, reaching a value of approximately $21.23 million at the market exchange rate on August 17.
An average price of $22.62 per LINK indicates strong investor interest in this token during a stable market phase.
Why is this transaction important for the LINK market?
Such large transactions demonstrate the power of whales in influencing liquidity and the price direction of Token LINK.
These purchases often signal positive prospects or long-term investment strategies from major investors, while also creating positive psychological effects for the community.
Onchain Lens provides transparent data to help experts analyze cash flow and forecast market trends related to the token.
Large investment moves from multiple wallets suspected to have the same owner reflect a high level of confidence in Token LINK in the current pricing environment.
Onchain Lens analyst, 2024
How does this data help investors track cryptocurrency whales?
Onchain Lens data allows for the identification of whale wallets and tracking large-scale buying and selling behaviors, thus providing potential market signals.
These transactions are often exploited by professional investors to analyze liquidity levels and predict the price trend of Token Chainlink.
Continuous monitoring helps enhance risk management and optimize the portfolio in the volatile cryptocurrency market.
Frequently Asked Questions
When did this LINK purchase transaction take place?
The event took place on August 17, 2024, based on reporting data from Onchain Lens.
What is the average purchase price per LINK?
The average price recorded is approximately $22.62 for each LINK token, reflecting the market price at that time.
How much ETH and LINK was purchased?
A purchase of 4,806 ETH, corresponding to 938,489 LINK tokens.
What role does Onchain Lens play in analyzing this transaction?
Onchain Lens provides wallet tracking data and cash flow analysis, helping identify whales and their impact on the market.
Why is it necessary to track large transactions from whales?
Large-scale transactions tend to influence trends and create psychological effects for the cryptocurrency market.
Source: https://tintucbitcoin.com/link-chi-2123-trieu-usd-mua-token/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
