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Analysis

According To LINK The Most Suspicious On-Chain Activity Since Genesis Moves

June 29, 2022 - Around 2 mins mins to read

A stunning total quantity of LINK has been traded as the token’s price decreased, breaking the previous record established in 2017 after the token’s creation, according to the Santiment on-chain data agency team, which announced this on Twitter.

According To LINK The Most Suspicious On-Chain Activity Since Genesis Moves
According To LINK The Most Suspicious On-Chain Activity Since Genesis Moves

80.8 million LINK are moving, nearly breaking the previous five-year high

The tweet demonstrates that on Tuesday, 80.8 million unique LINK were transferred despite LINK’s small price drop of 4%. This was the second largest transfer of native Chainlink tokens after the fall of 2017 when LINK had just begun trading.

LINK is rapidly disappearing from exchanges

According To LINK The Most Suspicious On-Chain Activity Since Genesis Moves
According To LINK The Most Suspicious On-Chain Activity Since Genesis Moves

Huge amounts of LINK are being removed from centralized cryptocurrency exchanges, according to data given by Twitter user @Jay DCA from another well-known on-chain data provider, Glassnode. It appears that holders are putting their coins into cold wallets for long-term storage.

At press time, LINK is changing hands at $6.3 after a nearly 12% drop in the past 24 hours, according to CoinCu Data.

image 1107
Chainlink Daily Chart . Source: CoinCu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News

Chainlink

Chainlink tokens

Genesis Moves

LINK

LINK are moving

Santiment

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Analysis

According To LINK The Most Suspicious On-Chain Activity Since Genesis Moves

A stunning total quantity of LINK has been traded as the token’s price decreased, breaking the previous record established in 2017 after the token’s creation, according to the Santiment on-chain data agency team, which announced this on Twitter.

According To LINK The Most Suspicious On-Chain Activity Since Genesis Moves
According To LINK The Most Suspicious On-Chain Activity Since Genesis Moves

80.8 million LINK are moving, nearly breaking the previous five-year high

The tweet demonstrates that on Tuesday, 80.8 million unique LINK were transferred despite LINK’s small price drop of 4%. This was the second largest transfer of native Chainlink tokens after the fall of 2017 when LINK had just begun trading.

LINK is rapidly disappearing from exchanges

According To LINK The Most Suspicious On-Chain Activity Since Genesis Moves
According To LINK The Most Suspicious On-Chain Activity Since Genesis Moves

Huge amounts of LINK are being removed from centralized cryptocurrency exchanges, according to data given by Twitter user @Jay DCA from another well-known on-chain data provider, Glassnode. It appears that holders are putting their coins into cold wallets for long-term storage.

At press time, LINK is changing hands at $6.3 after a nearly 12% drop in the past 24 hours, according to CoinCu Data.

image 1107
Chainlink Daily Chart . Source: CoinCu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News