Whale moves 70,000 LINK from Binance after accumulation

Ritu13

Blockchain analyst @ai_9684xtpa's monitoring data shows that a suspected LINK whale has potentially added 69,999 LINK to their holdings. In December 2023, the whale had accumulated 895,000 LINK at an average price of $12.75. From January 3rd to January 11th, they sold 695,000 LINK at an average price of $13.93, making a profit of $820,000. Four hours ago, the whale hinted that there might not be cryptocurrency advertisements during the 58th Super Bowl on Binance.

Major brands such as BMW, Budweiser, State Farm, Oreo, DoorDash, and Hellman's Mayonnaise are planning advertisements for the large-scale event. The focus of these advertisements is on food and automotive products rather than artificial intelligence and cryptocurrency. Paul Hardart, a marketing professor at New York University's Stern School of Business, suggests that viewers will likely notice a shift from technology, such as artificial intelligence and especially cryptocurrency, to ads featuring "traditional products in consumers' daily lives." "Interesting, humorous, and entertaining" themes might dominate this year's Super Bowl ads.

Yamini003

Anyway, I don't understand.

Kapil334

This is actually a substantial sell-off, isn't it?

Shri333

The amount transferred out is still quite substantial.