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million buy of 107,838 $LINK at $24.1 on decentralized exchanges, while an additional 162,024 $LINK ($4.08 million) was withdrawn from Binance.

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 “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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