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54 Wallets Possibly Belonging to Institutions Accumulating Chainlink (LINK) From Binance: Lookonchain

July 3, 2024
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Whales have been gobbling up the decentralized oracle community Chainlink (LINK), in keeping with the crypto tracker Lookonchain.

Lookonchain notes that 54 recent wallets withdrew 2.08 million LINK price $30.28 million from Binance up to now seven days. The crypto tracker says the addresses might belong to establishments.

Supply: Lookonchain/X

LINK is buying and selling at $14.43 at time of writing. The Seventeenth-ranked crypto asset by market cap is up greater than 1.5% up to now seven days.

Lookonchain additionally notes that the German authorities transferred 1,500 Bitcoin (BTC) price $94.7 million on Monday. Of that quantity, 400 BTC price $25.3 million was transferred to the crypto exchanges Bitstamp, Coinbase and Kraken.

The German authorities nonetheless holds 44,692 BTC price $2.82 billion, in keeping with the crypto tracker.

Germany is promoting the BTC that its authorities seized whereas probing Movie2k.to, a now-defunct unlawful streaming web site that was accused of distributing greater than 880,000 pirated movies between 2008 and Might 2013.

The Dresden Public Prosecutor’s Workplace mentioned that the 2 operators of the positioning bought Bitcoin utilizing the proceeds of their illicit actions.

Police confiscated practically 50,000 BTC in reference to the investigation, the biggest seizure of its variety in Germany up to now.

Bitcoin is buying and selling at $62,072 at time of writing. The highest-ranked crypto asset by market cap is down greater than 1% up to now 24 hours.

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Tags: AccumulatingBelongingBinancechainlinkINSTITUTIONSLINKLookonchainPossiblyWallets
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