According to monitoring by blockchain analytics platform The Data Nerd, an address starting with 0x8c6 transferred 139,000 LINK tokens to Binance 8 hours ago, currently valued at around $1.67 million.
Further analysis reveals that the address began accumulating these LINK tokens about eight months ago, purchasing them at an average price of approximately $15.7. If sold at current market levels, the transaction would result in a loss of roughly $520,000.
This movement has drawn attention from market observers, with analysts watching closely to see if the address will continue making large transactions or if there are other potential financial strategies at play.