Onchain Lens has tracked a large LINK transfer involving a whale that previously bought 198,300 LINK from Cumberland for $2.3 million. According to ChainCatcher, the holdings have now been moved to Coinbase. The transfer has raised the possibility that the whale may be preparing to sell the tokens. No additional details about the wallet identity or the timing of the original purchase were disclosed in the brief. The report focuses on the size of the position, its estimated value, the prior purchase source, and the latest destination wallet activity. Coinbase was identified as the receiving platform, while Cumberland was named as the source of the earlier acquisition.
According to ChainCatcher, citing Onchain Lens, a whale previously bought 198,300 LINK from Cumberland for $2.3 million.
The tokens have now been transferred to Coinbase and may be headed for sale.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
