Onchain Data Seems Quite Active: Massive Cryptocurrency Whales Are Making These Trades

In recent hours, onchain data has detected interesting transactions by some major crypto whales. Here is a summary of the behavior of the major whales over the past 24 hours. Cryptocurrency analytics firm Onchain Lens has spotted a whale depositing 659,415 Chainlink (LINK) tokens worth around $9.42 million into Coinbase. If the tokens are sold, the whale will make a profit of $3.53 million. Over the past two years, this investor has withdrawn a total of $5.85 million worth of LINK, demonstrating a long-term accumulation strategy ahead of this major move. An early Ethereum ICO participant who has been inactive for the past seven years transferred 1,700 ETH worth approximately $3.18 million to Binance. The whale purchased the ETH at approximately $0.31 per coin. Related News: Secret Scammer Whale Allegedly Selling This Altcoin, Onchain Data Shows In another major transaction, a whale deposited 8.7 million LAYER tokens worth $11.13 million on Binance. This investor had previously accumulated these tokens in two separate wallets for a total of $6.5 million and has now made a profit of $4.63 million. The move came after a waiting period of about a month. The US government has transferred a total of 97,336 BTC ($8.46 million) and 884.33 ETH ($1.77 million) from the Sae-Heng Forfeited Funds. These assets were seized in connection with an alleged ‘pig butchering’ scam, a sophisticated crypto scam targeting US victims. The funds were initially taken from a Binance account linked to Wanpadet Sae-Heng and moved to a government depository wallet following a direct Binance transaction two years ago. *This is not investment advice. Continue Reading: Onchain Data Seems Quite Active: Massive Cryptocurrency Whales Are Making These Trades