Sherpa

Chainlink

<div class="dailyhodl">
 <p>An unknown entity, likely an institution, has accumulated nearly a quarter of a billion dollars worth of oracle provider Chainlink (LINK), according to on-chain data.</p>
 <p>Blockchain tracking firm Lookonchain initially reported earlier this month that a series of fresh wallets belonging to a mysterious institution had started withdrawing large amounts of LINK from crypto exchange Binance.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
 </div>
 <p>Less than two weeks later, Lookonchain says there are now dozens of wallets that may belong to the same institution that collectively accumulated more than $200 million worth of LINK.</p>
 <p><em>“83 fresh wallets(may belong to the same institution) withdrew a total of 11,097,687 LINK( $216.4 million) from Binance in the past two weeks.”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GGh092_b0AAwxpL?format=jpg&amp;name=large" alt="Image" width="1496" height="998">
  <figcaption class="wp-caption-text">
   Source: Lookonchain/X
  </figcaption>
 </figure>
 <p>In the month of February, LINK is up over 30%, currently trading for $20.22.</p>
 <p>Recently, closely followed crypto analyst Altcoin Sherpa expressed long-term bullishness on Chainlink, suggesting that LINK just successfully broke out of a range between $12 and $16.</p>
 <p>He said LINK is likely going higher over the long term.</p>
 <p><em>“LINK: things still look ok on HTF (high timeframe) for LINK. I think this is going to keep going higher in the long term, but I don’t really like this one as much for short-term trades. Volatility is kind of meh (but liquidity is good).”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GGevwroXQAAV82y?format=png&amp;name=4096x4096" alt="Image" width="2165" height="1179">
  <figcaption class="wp-caption-text">
   Source: Altcoin Sherpa/X
  </figcaption>
 </figure>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/mysterious-institution-accumulates-over-216-000-000-chainlink-link-in-two-weeks-lookonchain-tbt80183.html">https://thebittimes.com/mysterious-institution-accumulates-over-216-000-000-chainlink-link-in-two-weeks-lookonchain-tbt80183.html</a></p>

Mysterious Institution Accumulates Over $216,000,000 Chainlink (LINK) in Two Weeks: Lookonchain

TheBitTimes

Other articles published on Feb 19, 2024

Japan and South Korea want more control over crypto transactions: Law Decoded

New and Best Meme Coins To Buy Monday, February 19 – Sponge V2, Wall Street Memes, Real Smurf Cat...

Market rockets as VeChain (VET) sets new levels but Pushd (PUSHD) presale takes the limelight as ...

Pushd (PUSHD) presale gains more Ethereum (ETH) investment post Bitcoin (BTC) $52K mark

$500 Budget: 5 Best Crypto Coins to Buy this Bull Season

Binance Futures to launch ORDI perpetual contract

Join our free newsletter for daily crypto updates!