#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 The most recent accumulation occurred three hours ago, with another 81,000 tokens withdrawn for $1.59 million. The true identity and motivation behind the address remain unknown, but this activity has fueled speculation about the future direction of LINK.
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. Notably, the address added another 81,000 LINK, worth $1.59 million, three hours ago in its latest accumulation. This move has sparked market speculation, with some suggesting the address could be a loyal supporter of "the former president," as the timing of the 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." Despite the current unrealized loss, the address's continued accumulation indicates a bullish sentiment towards LINK tokens, raising market attention on the future trajectory of LINK.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Mysterious address has been accumulating LINK worth $4.75 million over the past two weeks
The address withdrew 226,300 LINK from Binance
Currently experiencing a loss of $250,000
The address last added to its position three hours ago, withdrawing another 81,000 tokens ($1.59 million)
The address's actions may be related to the upcoming US presidential election