Apr 26, 19:57
Auto generation
Whale redistributed LINK via Coinbase ahead of price drop
Related addresses
Total tokens transferred
877.681K
LINK
Around 877,681 LINK ($12.9M) had been redistributed from one large whale to 6 other wallets in the past 5 hours ahead of a price drop.
A. Whale 0xf12 deposited 877,681 LINK ($12.89M) to Coinbase Prime at $14.69:
- transaction: 0xb859705709befe59ee9fc2a14c663a4b7b0bbcfdfd78f788aa71a9582bec23de
- address: 0xf12a407457be2a6021db228e29f89d81a5300818
Notably, the whale withdrew those LINK tokens from Coinbase Prime at $15.13 on average (estimated cost: $13.3M) on November 30, December 28, 2023, and January 1, 2024. If truly selling now, the whale would realize an estimated loss of $386K (-2.9%) after 5 months of holding.
Fig 1. Whale 0xf12's overall LINK trading history.
B. However, shortly after the deposit by Whale 0xf12, 6 other wallets withdrew 876,466 LINK ($12.88M) from Coinbase Prime at $14.69 on average.
Notably, among these wallets:
- 6 wallets were freshly created, while the other was created a month ago.
- 4 wallets (all fresh) received 187,500 LINK ($2.76M) each, one wallet (old) received 66,142 LINK ($971K), and one wallet (fresh) received 60,325 LINK ($886K).
- address 1: 0x7edc6646c9e4e34ba6d992c2cc3f822cb18788fe (holding 187,500 LINK ~ $2.71M)
- address 2: 0xb01c8a96fd292901358ed89b5f57656832ca12a9 (holding 187,500 LINK ~ $2.71M)
- address 3: 0x9c6881ba94fd269c52eaa8538699d037e465aa76 (holding 187,500 LINK ~ $2.71M)
- address 4: 0xe3acc607fd604170d7cda3a358d5b10ff4962027 (holding 187,500 LINK ~ $2.71M)
- address 5: 0x398b8498802f73eea95bbc6fc5b346b25afe421e (holding 187,500 LINK ~ $2.71M)
- address 6: 0x252e7643019e3be599f360a16652e6ef0c447a4d (holding 60,325 LINK ~ $873K)
- Fig 2. Whale 0xf12 allegedly redistributed LINK via Coinbase to 6 other wallets.