The altcoin attack of crypto money whales continues. They are now rushing for 5 altcoins. So which altcoins did these attacks take place? Let’s look at the details.
Whale movement for altcoin AAVE
According to Lookonchain’s tracking on June 25, there has been a significant increase in the price of altcoin AAVE. In just 5 hours, altcoin AAVE witnessed a notable 27% increase in connection with the activity of a whale address potentially starting with 0x5a80. The address, which, as Kriptokoin.com, has accumulated 182,152 altcoin AAVE coins (equivalent to approximately 13.2 million USD) through multiple addresses on their trading platform, currently holds 399,585 AAVE coins (approximately 29 million USD worth).
An inactive whale address pulled 450,881 altcoin ARBs from Binance 6 hours ago, according to the tracking by Lookonchain on June 25. The amount is worth 450 thousand dollars. On the other hand, 260,961 OPs worth $350,000 and 30,313 ENS worth $275,000 were drawn. He then deposited 2 million USDT on Binance.
Mobility in TRON
Lookonchain also revealed that Justin Sun, the founder of Tron (TRX), recently deposited 11,910 altcoins AAVE (worth $776,000) on cryptocurrency exchange Huobi. This move, along with previous major AAVE transfers to Binance, has sparked speculation about Sun’s intentions. Potentially signaled readiness to sell AAVE.
On the other hand, Chainlink, an innovative oracle network that connects smart contracts to real-world data, is experiencing a surge in network activity. Address activity on the Chainlink network increased by 10%, indicating increased user engagement and on-chain interactions. Also, the bid-sell volume imbalance favors the bulls by 7%. Accordingly, this indicates a stronger demand for LINK compared to its current supply.
bullish indicator
These bullish indicators have had a positive impact on the price action of altcoin Chainlink. The cryptocurrency has surged 26% since its recent low. The price of Chainlink, which is currently trading at $6.3, reflects renewed interest from investors. It also potentially signals the end of the bearish phase.
The demand for real-world data integration on DeFi platforms is growing. Accordingly, Chainlink’s oracles are becoming more and more important. This trend has not only resulted in an increase in the use of Chainlink. It also positively affected the price of LINK. As the DeFi ecosystem expands, the demand for Chainlink’s oracle services is expected to continue to increase, potentially driving the price of altcoin LINK even higher.
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