- Lookonchain reported 81 new wallets withdrew 4.7 million LINK from Binance.
- The largest whale withdrew 280,567.67 LINK, valued at $1,882,609.07.
- LINK’s price increased from $6.15 to $7.04 between September 15-19, 2023.
Lookonchain, a leading on-chain analytics platform for smart money, reported that 81 new wallets on the Binance exchange initiated a significant withdrawal of LINK starting September 18, 2023. As per Lookonchain’s update on the X app, these wallets had collectively withdrawn 4.7 million LINK, valued at approximately $31.58 million, from the Binance exchange.
On September 19, Lookonchain identified potential whale accumulation when it observed unusual LINK token withdrawals by roughly 35 new wallets on Binance. At the time of the initial report, these new wallets had withdrawn only 755,687 LINK, valued at $5.08 million. The amount of LINKs and the number of wallets implicated quickly increased in the subsequent days, reaching the latest figure of 4.7 million LINK and 81 wallets.
The post by Lookonchain included:
- A Google document that detailed the specifics of the recently established wallets.
- The number of LINK tokens they extracted.
- Their equivalent value in US dollars.
The largest whale in the group withdrew 280,567.67 LINK, valued at $1,882,609.07, from Binance. Four whales removed over 200,000 LINK tokens from the Binance exchange during the monitored period.
Seven recently established wallets have withdrawn amounts ranging from 100,000 to 199,999 LINK tokens, with the rest withdrawing less than 99,000 LINK tokens. It’s important to note that no wallet executed withdrawals of less than 5,000 LINK.
LINK is the inherent digital currency of Chainlink
TradingView data indicates that at the time of writing, LINK is being traded at $6.75, and a bullish candle forms on the daily chart.
