Crypto tracker Lookonchain reports that large investors, known as whales, have been buying up Chainlink (LINK).
Withdrawals from Binance
In the past week, 54 new wallets have withdrawn 2.08 million LINK worth $30.28 million from Binance. Lookonchain suggests that these addresses may belong to institutions.
Market Performance
At the time of writing, LINK is trading at $14.43, up over 1.5% in the past week.
German Government Bitcoin Sale
Lookonchain also noted that the German government transferred 1,500 Bitcoin (BTC) worth $94.7 million on Monday. Part of this amount was sent to crypto exchanges Bitstamp, Coinbase, and Kraken.
The German government still holds 44,692 BTC worth $2.82 billion. The BTC is being sold as part of an investigation into Movie2k.to, an illegal streaming site that was seized by authorities.
Bitcoin Price
At the time of writing, Bitcoin is trading at $62,072, down over 1% in the past 24 hours.
