The price of $LINK surged by an impressive 36% today, drawing significant activity from crypto whales.
In the past 12 hours, one whale purchased 269,861 $LINK tokens worth $6.68 million. This included a $2.6 million buy of 107,838 $LINK at $24.1 on decentralized exchanges, while an additional 162,024 $LINK ($4.08 million) was withdrawn from Binance.
The price of $LINK has surged 36% today!
A whale bought 269,861 $LINK($6.68M) in the past 12 hours.
The whale spent $2.6M to buy 107,838 $LINK at $24.1 on DEX and withdrew 162,024 $LINK($4.08M) from #Binance.https://t.co/Zuxgpk23Sm pic.twitter.com/hNQ65oZkfi
— Lookonchain (@lookonchain) December 3, 2024
This surge is part of a broader trend in Real-World Asset (RWA) tokens, with $ONDO also experiencing a 52% price jump alongside $LINK’s 36% rally. Whales appear to be cashing in substantial profits amid this bullish momentum.
Key Whale Movements
– Whale “0x992”: Deposited 500,736 $ONDO ($815,000) to Coinbase roughly four hours ago, realizing a $294,000 profit (+56%). This whale still holds 2 million $ONDO, valued at $3.22 million, with an unrealized profit of $1.46 million.
Whales appear to be cashing in big profits on the Real-World Assets (#RWA) trend as $ONDO (+52%) and $LINK (+35%) soar today!
1/ Whale "0x992" deposited 500,736 $ONDO ($815K) to #Coinbase for a $294K profit (+56%) ~4 hours ago, leaving 2M $ONDO ($3.22M) with an unrealized $1.46M… pic.twitter.com/WGL5FK7DFW
— Spot On Chain (@spotonchain) December 3, 2024
– Whales “0x74F” and “0x9B3”: Likely linked, these whales transferred 352,417 $LINK ($7.69 million) to Kraken 16 hours ago. The trade, spanning two years, netted a profit of $4.06 million (+107%).
– Whale “0x8b2”: Sent 83,460 $LINK ($1.85 million) to Binance 17 hours ago, concluding a 6.5-month trade with a $522,000 profit (+39.3%).
Institutional Interest Fuels Growth
The growing interest in RWAs like $LINK and $ONDO highlights the evolving role of tokenized assets in crypto markets. Whales have capitalized on the rising trend, leveraging both short- and long-term positions to secure substantial gains. With prices on the rise and profits rolling in, the RWA space remains a key area of focus for savvy investors.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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