An unidentified altcoin whale made 12.75 million ChainLink (LINK) purchases worth a total of $167 million between June 24 and July 15, according to data from analytics platform On-chain. These purchases were made through 93 newly opened wallets, and the whale conducted all transactions through one of the largest cryptocurrency exchanges worldwide.
Lookonchain analysts have suggested that an institutional company may be behind these large purchases. The size of the transactions and the number of wallets support this claim. It has also been suggested that this corporate whale may have knowledge of important deals or information about the future of LINK. ChainLink (LINK), which experienced a huge rise in the cryptocurrency market last year, draws attention as an oracle network that aims to bring smart contracts together with real-world data.
