30 new wallets attracted attention by purchasing large amounts of altcoins via cryptocurrency exchange Binance.
According to Lookonchain data, over the past five days, 30 newly created wallets have withdrawn a total of 1.37 million LINK (worth around $34.1 million) from Binance.
This huge investment drew attention to the number of new wallets carrying particularly large amounts of LINK. Such movements led to various speculations among investors, while the intense interest of whales was seen as a potential bullish expectation.
Whales have collected LINK this way before
In the past, whales similarly opened dozens of new wallets and collected large amounts of LINK, which brought about strong increases.
Moreover, LINK managed to stand out as a project that had the potential to push other altcoins upwards with its sudden increases.
According to CoinGecko data, LINK, which has increased by 4% in the last 24 hours, is traded at $24.8 at the time of writing.
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