Core

Million

ORDI

Chainlink

Gains

<p>Large Chainlink (LINK) whales took profits as prices declined recently, according to <a href="https://twitter.com/lookonchain/status/1732785037295374805?t=zY1NfePHh2BNPb8xh9DBJA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">on-chain data analytics firm Lookonchain</a>. Specifically, Lookonchain noticed 5 whale wallets dumped a total of 2,268,897 LINK worth $33.8 million over 5 hours, contributing to a ~5% price drop.</p>
<h2 class="wp-block-heading" id="strong-whales-cashing-out-gains-strong"><strong>Whales Cashing Out Gains</strong></h2>
<p>Two of the whales likely belong to the same person and had bought a large amount of LINK on July 20, helping drive a ~6% price surge. They then sold all 1.25 million LINK worth $17.9 million for a profit of ~$8.44 million (~88.8%) just 3 hours ago at $14.31 per LINK.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="924" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-192-1024x924.png" alt="" class="wp-image-394041" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-192-1024x924.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-192-300x271.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-192-767x692.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-192-1536x1386.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-192-2048x1848.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-192-166x150.png 166w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-192-100x90.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-192-388x350.png 388w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-192-788x710.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-192.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Another whale known as “0x0fac” deposited nearly 570,000 LINK worth $8.6 million to Binance and sold at an estimated $4.48 million profit. This whale had initially withdrawn the LINK when prices were around $7.2 on September 24.</p>
<p>In addition, a whale accumulated ~11 million LINK worth $80.32 million across 81 wallets in September and October. Recently, they moved 350,000 LINK worth $5.2 million to Binance. Since November 22, this whale has deposited 3.93 million LINK worth $59 million to Binance for an estimated $29 million profit after selling.</p>
<p>Finally, whale “0x67c8” dumped their entire holdings of 95,000 LINK for 641 ETH worth $1.45 million at $15.29 per LINK. This whale originally bought 476,865 LINK at $7.92 on July 20 and July 22, already selling some for profits in August and November. Their total profit is estimated around $2 million.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/chainlink-could-be-ready-for-a-rebound-from-here-as-17k-addresses-buy-47-million-link-at-crucial-support/" target="_blank" rel="noopener noreferrer nofollow">Chainlink Could Finally Rebound from Here as 17K Addresses Buy 47 Million LINK at Crucial Support</a></li>
 <li><a href="https://captainaltcoin.com/whales-panic-dump-over-3-5-million-ordi-following-vulnerability-announcement-in-the-incoming-bitcoin-core-upgrade/" target="_blank" rel="noopener noreferrer nofollow">Whales Panic, Dump Over $3.5 Million ORDI Following Vulnerability Announcement in the Incoming Bitcoin Core Upgrade</a></li>
 <li><a href="https://captainaltcoin.com/overlooked-bitcoin-btc-and-cardano-ada-explore-this-top-crypto-opportunity-in-2023/" target="_blank" rel="noopener noreferrer nofollow">Overlooked Bitcoin (BTC) and Cardano (ADA)? Explore This Top Crypto Opportunity in 2023</a></li>
</ul>
<h2 class="wp-block-heading" id="strong-promising-signs-for-long-term-holders-strong"><strong>Promising Signs for Long-Term Holders</strong></h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="856" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-191-1024x856.png" alt="" class="wp-image-394033" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-191-1024x856.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-191-300x251.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-191-767x641.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-191-1536x1283.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-191-2048x1711.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-191-180x150.png 180w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-191-100x84.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-191-419x350.png 419w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-191-788x658.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-191.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>While whales took profits amidst the latest dip, Chainlink’s core long-term holders continue accumulating. As <a href="https://twitter.com/ChainLinkGod/status/1732944289158852610" target="_blank" rel="noopener noreferrer nofollow">ChainLinkGod noted</a>, over half a billion dollars worth of LINK was staked by the community within 7 hours of a recent protocol upgrade. This shows strong confidence in LINK’s long-term potential. Despite some whales cashing out, Chainlink’s devoted community remains highly educated and engaged in building for the future. For loyal LINK holders, this bodes well for the road ahead.</p>
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<p>The post <a href="https://captainaltcoin.com/33-million-link-dumped-by-chainlink-whales-as-price-dips-again-but-community-remains-resilient/" rel="noopener noreferrer nofollow">$33 Million LINK Dumped by Chainlink Whales as Price Dips Again, but Community Remains Resilient</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

$33 Million LINK Dumped by Chainlink Whales as Price Dips Again, but Community Remains Resilient

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