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Developers Sent a Large Amount of Tokens to Binance in This Altcoin – They Have Done This 11 Times in the Past, Here’s What…
According to cryptocurrency onchain data provided by analytics platform Lookonchain, an altcoin has seen a transfer from wallets associated with developers to Binance.
According to data, 17.87 million LINK tokens worth $149 million were sent from non-circulating supply wallets belonging to Chainlink (LINK) to cryptocurrency exchange Binance.
In the past, Chainlink developers had made large transfers in 11 different cases. Interestingly, Lookonchain analysts claimed that most of these events resulted in an increase in the LINK price.
In addition, other crypto whale onchain data continues to provide interesting data. When the records are examined, an address connected to a whale wallet with the address wiftardio.sol wallet today withdrew $2 million worth of USDC stablecoin via Bybit and immediately purchased 2.12 million FARTCOIN at an average price of $0.94. At the time of writing, the FARTCOIN price is trading at $0.82. In other words, the whale has lost approximately 10%.
*This is not investment advice.
