Two cryptocurrency whales have recently accumulated nearly 891,000 LINK from Binance.
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Two whales withdrew over 890,909 LINK from Binance, worth about 21.6 million USD.
Whale “0x4eb” withdrew 721,294 LINK in 2 days, worth 17.44 million USD.
Whale “0xa36” accumulated 275,002 LINK in the month, total value 6.65 million USD.
How much LINK have the two prominent whales accumulated recently?
Verified data from Onchain Lens shows that two cryptocurrency whales have withdrawn a total of 890,909 LINK from Binance, equivalent to a value of over 21 million USD at current prices.
How does the accumulation of LINK by whales affect the market?
The withdrawal and accumulation of LINK by two large whales often creates downward pressure on supply in the market, which can positively affect the price of LINK.
The asset accumulation actions of whales are often an important sign to predict price fluctuations in the near future of the cryptocurrency market.
Nguyễn Văn Bình – Cryptocurrency market analyst, 2024
How has whale “0xa36” accumulated LINK in the past month?
Whale “0xa36” stands out with the accumulation of a total of 275,002 LINK in one month, equivalent to a value of about 6.65 million USD.
Of this, 169,615 LINK were withdrawn alone in the past few days, indicating an acceleration in accumulation actions. This statistic demonstrates a planned accumulation strategy and the potential for significant impact on LINK's trading history. This is a significant point in the volatile context of the cryptocurrency market.
The role of Onchain Lens data in monitoring whale activities
Onchain Lens is a platform for tracking on-chain transaction data in real-time, helping to timely detect withdrawal and accumulation activities of whales.
Information from Onchain Lens provides high accuracy and real-time updates, contributing to increased transparency and helping investors analyze cryptocurrency trading trends strictly based on the actual behavior of whales.
Frequently Asked Questions
1. Does the withdrawal of LINK by whales from Binance immediately affect the price?
Typically, the withdrawal of LINK by whales creates downward supply pressure on exchanges, which may create slight upward price momentum in the short term.
2. Why is the accumulation of LINK by whales of interest?
Whales accumulating large amounts of assets indicate confidence in the long-term growth potential of that coin.
3. What role does Onchain Lens play in tracking cryptocurrency transactions?
Onchain Lens provides real-time transaction data, helping to quickly detect whale behavior and accurate market trends.
4. How much LINK has whale “0x4eb” withdrawn in 2 days?
This whale withdrew 721,294 LINK, worth about 17.44 million USD in the first two days.
5. What is the total value of LINK that the two whales have recently withdrawn from Binance?
Approximately 21.6 million USD equivalent to 890,909 LINK.
Source: https://tintucbitcoin.com/hai-ca-voi-tich-tru-891-000-link/
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