Ethereum

Impact

Million

Chainlink

<p><strong>In a remarkable display of financial prowess, a crypto whale, potentially a single individual, has made a significant purchase of 788,877 Chainlink (LINK) tokens. The transaction, valued at approximately $6 million, was executed at a price of $7.62 per LINK token, as <a href="https://twitter.com/lookonchain/status/1681942827880820736?s=20" target="_blank" rel="noopener noreferrer nofollow">reported</a> by one of the top crypto analysts on Twitter, Lookochain. </strong></p> 
<p>The whale, demonstrating a strategic move in the volatile crypto market, swapped a total of 3,074 staked Ethereum (stETH) tokens, worth around $5.87 million, and 71 Ethereum (ETH) tokens, valued at approximately $136,000, to acquire the substantial amount of LINK tokens.</p> 
<h2 class="wp-block-heading" id="impact-on-chainlink-s-market">Impact on Chainlink’s Market</h2> 
<p>This massive purchase has had a noticeable impact on the price of LINK, causing a surge of 6.5%. Such significant transactions often lead to price fluctuations, and in this case, it has positively affected the LINK market.</p> 
<h2 class="wp-block-heading" id="the-whale-s-crypto-profile">The Whale’s Crypto Profile</h2> 
<p>The transaction was traced back to the address <a href="https://debank.com/profile/0x8b947f974618af6b3e63b7a942ef02d505ad8564" target="_blank" rel="noopener noreferrer nofollow">0x8b947f974618af6b3e63b7a942ef02d505ad8564</a> on DeBank. As of the latest data, the wallet holds a total value of approximately $3,175,915, with the majority of the assets being in LINK tokens. The wallet holds 420,409.80 LINK tokens, valued at around $3,173,952, and a small amount of ETH valued at $1,962.36.</p> 
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
<p>This event underscores the significant influence that large-scale investors, often referred to as ‘whales’, can have on the cryptocurrency market. Their actions can lead to substantial price movements and impact the market dynamics. As the crypto market continues to evolve, the activities of these whales will remain a point of interest for investors and market watchers alike.</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/the-6-million-chainlink-move-how-one-crypto-whale-boosted-link-by-6-5/">The $6 Million Chainlink Move: How One Crypto Whale Boosted LINK by 6.5%</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

The $6 Million Chainlink Move: How One Crypto Whale Boosted LINK by 6.5%

Table of Contents

CaptainAltcoin

Other articles published on Jul 20, 2023

Uncovering the Power of Bitcoin: Top 3 Amazing Features

Here's How Much Bitcoin Tesla Holds as of Q2

Nevada Court Grants Receivership for Crypto Custodian Prime Trust Amidst Financial Concerns

Elected Officials Are Fooling the Public: Claims Crypto Lawyer

FedNow to Launch this Month and Enable 24/7 Instant Fund Transfers

Current State of Cryptocurrency Market: Will Bitcoin Continue Its Consolidation?

Join our free newsletter for daily crypto updates!