#Mystery address hoarding LINK#
Hot Topic Overview
Overview
A mysterious address has accumulated $4.75 million worth of LINK tokens over the past two weeks, drawing 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 the address withdrawing another 81,000 tokens worth $1.59 million. The true identity and purpose of the address remain unknown, but its large-scale buying activity has sparked speculation about the price movement of LINK.
Ace Hot Topic Analysis
Analysis
Recently, on-chain analyst @ai_9684xtpa has monitored 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 added another 81,000 LINK, worth $1.59 million, three hours ago in its latest purchase. This move has sparked market speculation, with some suggesting the address could be a loyal supporter of "the former president," as the timing of the purchase coincides with the countdown to his inauguration. However, there is currently no concrete evidence to prove any connection between the address and "the former president," and the true purpose of its LINK accumulation remains to be further observed and analyzed.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The mysterious address has accumulated $4.75 million worth of LINK in the past two weeks.
The address withdrew 226,300 LINK from Binance at an average price of $20.98 between December 24th and January 10th, currently experiencing a $250,000 loss.
The address last added to its position three hours ago, withdrawing another 81,000 tokens ($1.59 million).
The address's actions have sparked market speculation about the price movement of LINK, with some believing it could be a bullish sign for LINK's future.