In recent hours, onchain data has detected intriguing actions by major crypto whales. Here is a summary of their behavior over the past 24 hours.
Chainlink Whale Activity
Cryptocurrency analytics firm Onchain Lens has spotted a whale depositing 659,415 Chainlink (LINK) tokens worth around $9.42 million into Coinbase. If the tokens are sold, the whale will make a profit of $3.53 million. Over the past two years, this investor has withdrawn a total of $5.85 million worth of LINK, demonstrating a long-term accumulation strategy ahead of this major move.
Awakened Ethereum Holder
An early Ethereum ICO participant who has been inactive for the past seven years transferred 1,700 ETH worth approximately $3.18 million to Binance. The whale purchased the ETH at approximately $0.31 per coin.
LAYER Token Transactions and US Government Actions
In another major transaction, a whale deposited 8.7 million LAYER tokens worth $11.13 million on Binance. This investor had previously accumulated these tokens in two separate wallets for a total of $6.5 million and has now made a profit of $4.63 million. The move came after a waiting period of about a month. Additionally, the US government transferred a total of 97,336 BTC ($8.46 million) and 884.33 ETH ($1.77 million) from the Sae-Heng Forfeited Funds. These assets were seized in connection with an alleged 'pig butchering' scam, a sophisticated crypto scam targeting US victims. The funds were initially taken from a Binance account linked to Wanpadet Sae-Heng and moved to a government depository wallet following a direct Binance transaction two years ago.
The activity of major crypto whales continues to be significant, reflecting the diversity of their strategies and substantial market impact. These recent transactions illustrate both long-term plans and immediate decisions affecting the cryptocurrency market.
