#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. 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 tokens worth $1.59 million. The identity of the address holder and the specific purpose of their LINK accumulation remain unknown.
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 10-day countdown to the US presidential election. However, there is currently no concrete evidence to suggest any connection between the address and "the former president." Nevertheless, the address's massive LINK accumulation has drawn market attention and fueled speculation about 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