Crypto Whale Sells Millions Of LINK Crypto To Binance

JAKARTA. A large crypto investor who has raised around 11 million Chainlink tokens (LINK) in the last two months has now made major transactions on the leading crypto exchange, Binance. On-chain data shows that these investors use 81 different wallets to buy a number of LINKs, which are crypto assets of leading blockchain oracle provider Chainlink.

According to blockchain tracking service Lookonchain, the big investor has just sent 1.92 million LINKs to Binance, which is worth around IDR 432.6 billion. This investor is estimated to have made a profit of around IDR 217.3 billion after selling LINK on the exchange.

"This [crypto Pope], which collected 11 million LINKs (IDR 1.7 trillion) through 81 wallets in September and October, has started depositing LINKs into Binance since November 22. The giant has deposited 1.92 million LINKs (IDR 432.6 billion) into Binance and will earn IDR 217.3 billion after selling them."

Chainlink is currently trading for IDR 224.900, at the time of writing, up 1.5% in the past seven days. This large investor ownership in LINK, including deposits in Binance, has increased in value to around IDR 3.1 trillion since purchases of around IDR 1.7 trillion.

In addition, Lookonchain also noted that other crypto investors raised large amounts of Ethereum (ETH) earlier this month when this leading smart contract platform was trading in the range of IDR 26.4 million, and now the investor has just sold even greater amounts when ETH was trading above the level of IDR 29.4 million.

"Another crypto investor sold 3,150 ETH (Rp92.6 billion) [yesterday] at an average price of Rp 29.4 million, resulting in Rp8 billion. This crypto investor bought 2,762 ETH (Rp73.8 billion) on November 2 with an average price of Rp. 26.4 million," wrote Lookonchain's statement.