#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. 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 and motivation behind the address remain unknown, but the move has caught the market's attention, sparking speculation about the future direction of LINK.
Ace Hot Topic Analysis
Analysis
Recently, on-chain analyst @ai_9684xtpa 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 added another 81,000 LINK tokens worth $1.59 million just three hours ago in its latest accumulation. This action has sparked market speculation, with some suggesting the address could be a supporter of "the former president," as the timing of its accumulation 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." Despite the current unrealized loss, the address's continued accumulation suggests its confidence in the future development of LINK tokens.
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.
Currently, it is experiencing a loss of $250,000.
The address last added to its holdings three hours ago, withdrawing another 81,000 tokens ($1.59 million).
The address's actions have sparked speculation in the market about the price trend of LINK.