#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 The most recent purchase occurred three hours ago, with another 81,000 LINK tokens withdrawn, worth $1.59 million. The true identity and purpose of the address remain unknown, but its large-scale buying activity has fueled speculation about the future direction of LINK.
Ace Hot Topic Analysis
Analysis
Recently, on-chain analyst @ai_9684xtpa has monitored 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 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 linking the address to "the former president." Despite the current unrealized loss, the address's continued accumulation suggests an optimistic outlook on the future of LINK tokens.
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, currently experiencing a $250,000 loss.
The address last added to its holdings three hours ago, withdrawing another 81,000 tokens ($1.59 million).
The address's actions have sparked speculation about the price movement of LINK.