JAKARTA - The latest news comes from the Chainlink (LINK) cryptocurrency which shows that there are large entities of coin or Whale owners on the network. Whale is reportedly accumulating Chainlink decentralized oracle services over the past 14 days.
On-chain data reported by blockchain tracking service Lookonchain shows that as many as 30 addresses, which may have come from the same individual, have raised 2.6 million LINK tokens worth more than 18.5 million US dollars (Rp283 billion) from the Binance crypto exchange.
Meanwhile, according to Chainlink, seven of its services have been integrated into six different blockchains over the past week including Arbitrum, Avalanche, BNBChain, Ethereum, Optimism, and Polygon. It appears that the "whale" (large amounts of crypto owners) on the Ethereum network are busy taking major action, and this has attracted the attention of crypto analysts to pay attention to the situation.
Lookonchain also found Ethereum whales making major transfers over the weekend. According to the company, one of the whales shipped more than $50 million in stablecoins to Binance in two transactions on Saturday, and has so far made one major ETH purchase.
"Whale transferred 30.73 million USDC to Binance yesterday and received 14,683 ETH ($26 million) from Binance 5 minutes ago. Then transferred 19.68M USDT to Binance again 20 minutes ago," according to Lookonchain's statement.
Lookonchain previously reported crypto whales were pushing for privacy-focused altcoin prices, MASK tokens, throughout March, helping it outperform most digital asset markets.
"MASK prices increased by about 44 percent today. This market maker received 3.5 million MASKs from the '0x5459' address [on March 17]. At the same time, several related addresses pulled MASKs from the exchange one after another. Encourage the price of MASKs!" added Lookonchain.
The large movement by these "whale" also raises concerns about possible market manipulation by the parties involved. Regardless, market observers are still paying attention to the actions of "whale" in the network and hope to see its impact on the value of digital assets in the future.
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