#Mystery address hoarding LINK#

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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 unrealized loss. The most recent accumulation occurred three hours ago, with the address withdrawing another 81,000 LINK, worth $1.59 million. The identity of the address holder and the specific purpose of their LINK accumulation remain unclear, but this activity has sparked market speculation about the future direction of LINK.

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Analysis

Recently, on-chain analyst @ai_9684xtpa discovered a mysterious address that has been accumulating LINK tokens worth $4.75 million 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 experiencing a floating loss of $250,000. The most recent addition was made three hours ago, with another 81,000 LINK tokens withdrawn, worth $1.59 million. The identity of the address holder and the specific purpose of accumulating LINK remain unclear. Some analysts speculate that the address may belong to a supporter of "the former president," as the timing of the accumulation coincides with the countdown to his inauguration. However, there is no concrete evidence to support this speculation.

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The mysterious address has accumulated $4.75 million worth of LINK in the past two weeks and continues to buy more.

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The address withdrew 226,300 LINK from Binance and is currently down $250,000.

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The address's buying activity may be related to the upcoming inauguration of the former president, as it is considered a loyal supporter of the "Presidential Election."

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The address's buying activity may be related to the future development prospects of LINK, as it is optimistic about its future value.

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