Sherpa

Chainlink

<div class="dailyhodl">
 <p>An unknown entity, likely an institution, has accumulated nearly a quarter of a billion dollars worth of oracle provider Chainlink (LINK), according to on-chain data.</p>
 <p>Blockchain tracking firm Lookonchain initially reported earlier this month that a series of fresh wallets belonging to a mysterious institution had started withdrawing large amounts of LINK from crypto exchange Binance.</p>
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 <p>Less than two weeks later, Lookonchain says there are now dozens of wallets that may belong to the same institution that collectively accumulated more than $200 million worth of LINK.</p>
 <p><em>“83 fresh wallets(may belong to the same institution) withdrew a total of 11,097,687 LINK( $216.4 million) from Binance in the past two weeks.”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GGh092_b0AAwxpL?format=jpg&amp;name=large" alt="Image" width="1496" height="998">
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   Source: Lookonchain/X
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 <p>In the month of February, LINK is up over 30%, currently trading for $20.22.</p>
 <p>Recently, closely followed crypto analyst Altcoin Sherpa expressed long-term bullishness on Chainlink, suggesting that LINK just successfully broke out of a range between $12 and $16.</p>
 <p>He said LINK is likely going higher over the long term.</p>
 <p><em>“LINK: things still look ok on HTF (high timeframe) for LINK. I think this is going to keep going higher in the long term, but I don’t really like this one as much for short-term trades. Volatility is kind of meh (but liquidity is good).”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GGevwroXQAAV82y?format=png&amp;name=4096x4096" alt="Image" width="2165" height="1179">
  <figcaption class="wp-caption-text">
   Source: Altcoin Sherpa/X
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/mysterious-institution-accumulates-over-216-000-000-chainlink-link-in-two-weeks-lookonchain-tbt80183.html">https://thebittimes.com/mysterious-institution-accumulates-over-216-000-000-chainlink-link-in-two-weeks-lookonchain-tbt80183.html</a></p>

Mysterious Institution Accumulates Over $216,000,000 Chainlink (LINK) in Two Weeks: Lookonchain

TheBitTimes

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