#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, 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 sitting on a $250,000 loss. The most recent purchase occurred three hours ago, with another 81,000 LINK tokens worth $1.59 million being withdrawn. The identity of the address holder and their specific purpose for accumulating LINK remain unknown, but their large-scale buying activity has fueled speculation about the future direction 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 accumulation. This series of actions 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," and its true identity and purpose remain under investigation.
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, possibly for a long-term investment.
The address withdrew LINK from Binance and purchased 226,300 LINK at an average price of $20.98, currently in a loss-making position.
The address last added to its position three hours ago, withdrawing another 81,000 LINK worth $1.59 million.
The address's actions may be related to the upcoming inauguration of the former president, but there is no concrete evidence to support this speculation.