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

Each amount is about 10k~50k. In addition, according to my tracking of these wallet addresses, most of the $LINK is subsequently transferred to the multi-signature wallet.

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

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

So based on this behavior one can guess:

  1. A certain large investor or institution is particularly bullish on $LINK.

  2. The $LINK project team is accumulating tokens at low prices and waiting for good news to be released before selling off. (But this chance is relatively low. The money Fang Guang, the $LINK project, makes from providing services should far exceed the profits from selling these tokens)

But whether it is 1 or 2, we can consider paying special attention $LINK

#鏈上數據 #項目研究 #預言機 #Chainlink