Five wallets (one whale) deposited 371,479 LINK ($6.48M) to Binance at $17.45 on average in the past 3 hours:

• address 1: 0xb2d2485d4c1698e122db3da5c36d0d9d11732540
• address 2: 0x423e2c82aceacfb9cebec931a30dc1bc88ff7e27
• address 3: 0x2a3cc57b00397bd43904756362223283d7e950fa
• address 4: 0x2872f40a9bf8348f280bd9d79220c3ffdfc6cdf8
• address 5: 0x237de57f26c0275761a70f2fb568e464ca0cd9b3

Notably, they withdrew those LINK tokens from Binance at $17.26 on average (estimated cost: $6.41M) between May 19 and 30, 2024. If selling now, the whale would realize a small estimated profit of only $74K (+1.2%).

The LINK price dropped nearly 4% in the past 2 hours, probably due to the wallets' deposits.

Overall, in the past 4 hours, two whales, including the above one, have allegedly dumped 371,479 LINK ($6.48M) and 540,546 UNI ($5.89M) via Binance, causing each price to drop around 4%. Most of these tokens were accumulated in late May, amid the Ethereum ETF approval hype.

Fig 1. Five wallets (one whale)'s overall LINK trading history.