Chainlink (Link) Whales becomes wild with a rise of 1700 % in activity: Details
LINK, the original cryptocurrency of the Oracle Oracle network, ChainLink, has an increase in whale activity, with more than a billion dollars reported in the volume of large transactions during the past 24 hours. This huge movement caught the attention of the encryption community.
According to InTothheblock Data, the large size of Chainlink’s transactions increased by 1700.73 % last day, with a total of $ 1.01 billion, or 73.41 million links in encrypted currency conditions. This is the largest large volume of transactions registered annually, with the exception of September 20, 2024, when large transactions sizes reached 65.02 million links.
The link has seen a remarkable activity in The last 24 hours. ChainLink completed the opening of the semester symbol the day before, as it released a total of 19 million links link (about 262 million dollars) of the offices other than blood circulation. Among them, 14.875 million links (about 205 million dollars) were transferred directly to Binance, and the remaining 4.125 million link (about 57.04 million dollars) was sent to a multi -part address.
Before this, Chainlink was opened 10 times, with nine of them seeing prices more than 30 days after opening.
Since August 2022, Chainlink has opened 176 million links (now worth about $ 2.43 billion). Among these symbols, 151.3 million links were deposited directly to Binance at an average price of $ 11.41. ChainLink still has 342.5 million links of about $ 4.7 billion through many non -periodic latitudes.
Whales made movements
Spotonchain stated the analysis platform on the series yesterday that the encryption whale spent $ 7.1 million to buy a link of 506,226 at an average price of $ 14.03. To finance the deal, the whales sold 1,108.83 ETH for $ 2.1 million and withdrew another five million US dollars from Spark. After that, the total purchase of the whale link in the time frame rose to 863174 links, worth $ 12.1 million at an average price of $ 14.02, after previous moves on ChainLink.
In an unexpected step, whales sold 1.34 million links to the series for $ 18.36 million at $ 13.7, at a loss of $ 512,000 or 2.7 %.
Meanwhile, the whale closed its link on the GMX for a $ 195,000 profit and turned its long link on the liquid height to the 40x BTC shorts, but now it sits on an unrealized profit worth $ 290,000. This step coincides with the cancellation of the large lock of Chainlink that strikes the market.