There are many new wallets on the chain that are accumulating $LINK.

According to the on-chain data, from the beginning of July to today, dozens of newly established wallets are accumulating a large amount of $LINK from #Binance.

The amount of each transaction is about 10k to 50k. In addition, according to my tracking of these wallet addresses, most of the $LINK will be transferred to multi-sign wallets in the future.

Usually, the project party will accumulate tokens from the exchange to the wallet on the chain, and to sell the tokens, and then transfer the tokens to the centralized exchange.

(Because the liquidity of centralized exchanges is usually better, especially #Binance)

Therefore, based on this behavior, it can be guessed that:

A large family or institution is particularly optimistic about $LINK.

The $LINK project is accumulating tokens at a low price, waiting for the good news to be released before selling. (But this opportunity is relatively low. The money earned by providing services in the $LINK project should far exceed the income from the selling of these tokens.)