#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. The address withdrew 226,300 LINK from Binance between December 24th and January 10th at an average price of $20.98, currently sitting on a $250,000 loss. The most recent purchase occurred three hours ago, with the address withdrawing another 81,000 tokens worth $1.59 million. The identity of the address holder and the purpose of their LINK accumulation remain unknown, but the activity has drawn market attention and fueled speculation about a potential connection to the incoming US president.

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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. Notably, the address made another purchase three hours ago, withdrawing 81,000 LINK worth $1.59 million. This move has sparked market speculation, with some suggesting the address might be linked to the incoming US president and a staunch supporter of "President Elect." However, there is no concrete evidence to support this speculation, and the true identity and purpose of the address remain under investigation.

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Classic Views

The mysterious address has accumulated $4.75 million worth of LINK in the past two weeks and has added another 81,000 tokens in the last three hours.

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The address withdrew from Binance at an average price of $20.98 and is currently down $250,000.

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The address's accumulation behavior may be related to the upcoming inauguration of the former president, who is considered a loyal supporter of the "President's Choice."

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The address's accumulation behavior has sparked market attention on the price of LINK, but its ultimate purpose remains unclear.

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