#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 unrealized loss. The most recent purchase occurred three hours ago, with the address withdrawing another 81,000 LINK worth $1.59 million. The identity of the address holder and the purpose of their LINK accumulation remain unknown.
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. The most recent addition occurred three hours ago, with the address withdrawing another 81,000 LINK, worth approximately $1.59 million. The identity of the address holder and the specific purpose of accumulating LINK tokens remain unclear. Some analysts speculate that the address may belong to an institutional investor or an individual investor who is confident in the future development of LINK tokens. Other analysts believe that the address may be related to the upcoming US presidential election, as the address began accumulating LINK on a large scale 10 days before Trump's inauguration. However, these speculations currently lack concrete evidence.
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.
The address is currently down $250,000.
The address last bought more LINK three hours ago, withdrawing another 81,000 tokens ($1.59 million).