The cryptocurrency market continues to be active. According to new news, it is observed that some big whales and early investors have transferred significant amounts of cryptocurrency to exchanges. While these developments have led to various comments in the market, investors are also following the situation carefully. Finally, the transfer of coins to exchanges by altcoin projects, as well as Chainlink and VIRTUAL whales, has attracted attention. Here are the details...
Chainlink Whale Invests $5.3 Million$LINK
According to data provided by LookIntoChain on December 28, a whale address sent 250,000 LINK (approximately $5.37 million) to Binance and OKX exchanges 3 hours ago. Cryptocurrency whales are individuals who hold large amounts of crypto assets, and trading these assets can have an impact on prices and liquidity. Therefore, whale movements are closely monitored by the crypto community. Between December 14 and 18, the same whale address withdrew 595,000 LINK (approximately $17.31 million) from Binance at a price of $29.1. The whale currently has lost about $4.5 million in LINK. Just two weeks ago, Chainlink (LINK) saw a massive 21% increase on a $1 million purchase by World Liberty Financial (WLF). This rise, fueled by the “Trump pump,” has made LINK a major player in the world of politics and crypto. But the excitement quickly faded and the price of LINK began to fall. At the time of writing, LINK has fallen to around $22.8.
According to on-chain data from December 28, the “Suspicious VIRTUAL team/Early Adopter” address sent 2 million VIRTUAL tokens worth $6.96 million to the Bybit exchange 2 hours ago. Last week, this address transferred 8.75 million tokens worth $27.08 million to centralized exchanges. On average, the purchase price of the tokens was reported to be $3.09. Currently, these addresses hold $181 million worth of tokens, which accounts for 10.9% of the token supply on the Base Network. Virtuals Protocol stands out as a rapidly growing leader in the AI-focused token space. In recent months, AI tokens traded on the Solana network were migrated to the Base blockchain. This move suggests that Base offers a more efficient blockchain ecosystem for trading and increases interest in AI-themed cryptocurrencies.
The VIRTUAL token is currently trading at $2.92 and stands out as one of the most important players in this sector with a market cap of approximately $2.91 billion. This growth highlights the central role that Virtuals will play as a critical infrastructure provider for the AI ecosystem.