According to TechFlowPost, a U.S. government wallet deposited 98,590 LINK into Coinbase Prime. Based on the valuation stated in the report, the transfer was worth approximately $768,000 at the time it was disclosed. LINK is the token associated with Chainlink, while Coinbase Prime is Coinbase’s platform for institutional clients.
The transaction was categorized as a whale movement. The report did not provide further details about the wallet’s next actions, the purpose of the deposit, or additional on-chain context. As a result, the available information is limited to the named entities and figures disclosed: the U.S. government wallet, Coinbase Prime, 98,590 LINK, and an estimated value of about $768,000.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.