Whale 0xc87 just deposited all 199,923 LINK ($5.67M) to Binance:

• transaction: 0xdb30a783a87eb046d4c0fc90fadf8dcc163c3d2fad41973b8e535e8f495e00ab
• address: 0xc879e18122c827a673b7bfc3a55d4a15a7509618

The whale withdrew those tokens from Binance at an average price of $11.05 (estimated cost: $2.21M) between September 26 and October 16, 2024. If truly selling now at $28.34, the whale would realize an estimated profit of $3.46M (+157%) after 2.5 months.

However, this whale wallet may belong to an institution trading LINK since June 25, 2024, via 6 multi-signature wallets. Notably, these wallets:

• jointly withdrew 1.142M LINK from Binance at an average price of $12.56 (estimated cost: $14.43M) across two accumulation waves: June 25 to July 19, 2024, and September 22 to November 1, 2024;
• have so far deposited 1.077M LINK back to Binance via the same deposit address "0x864" at an average price of $21.06 ($22.67M) since November 26, 2024, allegedly realizing $9.15M (+67.7%) in joint profits;
• now still hold 65K LINK ($1.92M) with an additional unrealized profit of $1.12M.

Here are the related wallet addresses:

1. 0xc879e18122c827a673b7bfc3a55d4a15a7509618 (no longer holds LINK) ← original multisign: 0xfb1d7273dfbe6534522fb9903836b47fd0922d7a;
2. 0xebfaf9d18483d38a68797479073c65df416f7032 (no longer holds LINK) ← original multisign: 0x1f1d274d2ece5ecdf06f07af250bec3068228da5;
3. 0x122dd27573dd9427933082cf1a31307ad2c835b9 (holds 34,218 LINK) ← original multisign: 0x14b208d6cea815a95692300ad0c1df9eceaf0642;
4. 0xf7593f9866113dc4097cee689458224b9c2a9f4f (no longer holds LINK) ← original multisign: 0xd922281b16fe7e755a355fb68259d79072991914;
5. 0xe0d39e8c571e30b6a624803f6fae9ba1242da9b0 ← original multisign: 0xb87f40cb405781a6971fb0530f8360889bc58381 (holds 31,098 LINK);
6. 0xdfc72c6dfcbb830ba16deb51a488d47361a0b9af (no longer holds LINK) ← original multisign: 0xe1969576267184edbfdfbe30be7e9001be472aba;

Fig 1. The overall LINK trading history of Whale 0xc87.

Fig 2. The LINK token flow of the 6 multi-signature wallets (likely one institution).

Fig 3. The overall LINK trading history of the 6 multi-signature wallets (likely one institution).