#Mystery address hoarding LINK#

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Overview

A mysterious address has accumulated $4.75 million worth of LINK tokens over the past two weeks, sparking market attention. The address withdrew 226,300 LINK from Binance between December 24th and January 10th at an average price of $20.98, currently experiencing a $250,000 unrealized loss. The most recent accumulation occurred three hours ago, with another 81,000 LINK tokens withdrawn, worth $1.59 million. The true identity and purpose of this address remain unknown, but this activity has undoubtedly sparked speculation and attention regarding the future trajectory of LINK.

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Analysis

Recently, on-chain analysts have discovered a mysterious address that has accumulated $4.75 million worth of LINK tokens over the past two weeks. The address withdrew 226,300 LINK from Binance exchange between December 24th and January 10th at an average price of $20.98, currently experiencing a $250,000 unrealized loss. The most recent accumulation occurred three hours ago, with the address withdrawing another 81,000 LINK, worth $1.59 million. This move has sparked market speculation, with some suggesting the address could be a supporter of "the former president," as the LINK accumulation coincides with the countdown to the US presidential election. However, there is currently no concrete evidence linking the address to "the former president," and its true identity and motivation for accumulating LINK remain under investigation.

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The mysterious address has accumulated $4.75 million worth of LINK in the past two weeks.

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The address withdrew 226,300 LINK from Binance at an average price of $20.98.

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The address is currently down $250,000.

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The address last bought more LINK three hours ago, withdrawing another 81,000 tokens ($1.59 million).

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