The Giant Whale woke up from a long sleep: His First Action Was to Buy This Altcoin

Cryptocurrency onchain data has revealed that a large whale that has been sleeping for a long time has woken up and made an altcoin purchase.

According to the data, the wallet in question had not made any transactions for 595 days, and today it was revealed that it purchased 363,818 Chainlink (LINK) worth $3.81 million via the cryptocurrency exchange Binance.

When the data is examined, it appears that the transactions made by this whale months ago only included Tether (USDT) and Ethereum (ETH), and this is the first transaction the whale made on Chainlink (LINK).

On the other hand, how did the LINK price respond to this development? When the LINK price on Binance is examined, it is seen that the LINK altcoin price experienced a modest increase of 0.40% after the whale’s transaction. It is not known whether this increase is related to the whale’s purchase.

However, if this whale had bought these LINK tokens the day he went to sleep two years ago, he would have made an 80% profit right now.

*This is not investment advice.

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