The cryptocurrency market today witnessed significant movements by major players, including both cryptocurrency whales and leading altcoin developer companies. Among these altcoin projects, there are projects such as FET and LINK.
FET team took action: Is there a sale?
The Fetch.ai Foundation, the driving force behind the FET altcoin, has taken a bold step by transferring 10 million FET tokens worth $5.3 million to a new address. This move follows the previous significant transfer on October 26, 2022, when 10 million FET tokens were sent to Binance. Meanwhile, decentralized exchange GSR has made waves over the past two days by withdrawing 6.86 million Polygon (MATIC) tokens worth $4.3 million from popular cryptocurrency exchange Binance. One particularly notable cryptocurrency whale has shown intense interest in the Chainlink (LINK) altcoin. This prominent investor has purchased 346,021 LINK tokens, equivalent to $5.03 million, at an average price of $14.53 since November 18.
Interestingly, the whale continued to deposit these tokens on the Aave platform and used them as collateral to borrow stablecoins. In a transaction that caught the attention of the cryptocurrency community, a new whale pulled 698 million Virtua (TVK) tokens from Binance, worth a total of $36.12 million. This move represents a significant portion of the altcoin, accounting for 58% of its total supply. Separately, a participant in the ICO event where Ethereum was distributed for the first time finally made a move. This patient investor deposited 3,000 ETH coins worth $6.2 million, which he purchased for approximately $6,200 during the ICO event, on the cryptocurrency exchange Kraken.
Chainlink whale took a long position
In addition to the above, a cryptocurrency whale continues to establish a long position on one of the largest altcoins, Chainlink (LINK). Lookonchain data reveals that the whale borrowed stablecoins from the Aave platform, a space where users engage in cryptocurrency loans. The same whale has been accumulating LINK since November 18, purchasing 346,021 units at an average price of $14.53 per unit. Just yesterday, the Chainlink team announced the official launch of Staking v0.2 on the mainnet. Existing stakers using V0.1 have a period of nine days to transfer their LINK.
Despite these developments, according to CoinGecko data, LINK experienced a 2.5% decrease in the last 24 hours. The market will closely monitor how these whale movements and altcoin developments will continue to shape the cryptocurrency landscape in the coming days.
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