Whale Activity: Chainlink Whale Liquidates 540,000 Tokens Worth $11.43M
A significant Chainlink (LINK) whale, who had established their position two years ago, is suspected of liquidating approximately 540,000 LINK tokens valued at $11.43 million. https://twitter.com/ai_9684xtpa/status/1873731618432766401 Between November and December 2022, five wallets withdrew 540,000 LINK from Binance at an average acquisition cost of $7.54 per token. At that time, the total cost was around $7.55 million. If even one of these addresses sold the tokens at a deposit price of $20.39, the whale could have realized a profit of $6.93 million, representing a staggering return on investment (ROI) of 170%. Chainlink Among Top Crypto Projects for Development Activity In December, Chainlink ranked third in development activity among top cryptocurrency projects. Development activity, measured through events on public GitHub repositories, highlights a project’s innovation and growth. Here’s the breakdown of the top projects by GitHub activity in December: 1. Internet […]