Chainlink Wallet That Grabbed $80,320,000 LINK Via 81 Wallets Deposits to Binance, Here’s How Much The Whale Will Make After Selling

A whale who stealthily accumulated around 11 million LINK, equivalent to a staggering $80.32 million, across 81 wallets during September and October has commenced a series of deposits on Binance according to Lookonchain.

Starting on November 22, the whale executed a significant deposit of 1.92 million LINK, valued at $27.8 million, onto Binance. This calculated move positions the whale to potentially reap profits of approximately $14 million after the anticipated selling spree.

The precision and scale of this maneuver are capturing attention within the cryptosphere, raising questions and speculations about the motives behind such a substantial accumulation and subsequent deposit. Analysts and enthusiasts alike are closely monitoring the whale’s activities, looking for potential clues and insights into the market dynamics and the future trajectory of Chainlink’s price.

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As the crypto community braces for potential market impacts, this strategic play by the Chainlink whale underscores the intricate dance between major holders and the broader market, showcasing the complexity and sophistication inherent in large-scale crypto transactions. 

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.