Spikes in Large Transaction Volume indicate increased activity among institutional players
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Large Transaction Volume estimates the total amount transacted by whales and institutional participants on a particular day. - either buying or selling.Ripple’s Chris Larsen Unnerves XRP Community with Latest Transfers The surge in whale activity comes days after Chainlink performed its massive token unlock. Over the weekend, the Chainlink noncirculating supply wallet unlocked a massive $207.4 million worth of LINK.Chainlink unlocked and transferred 18.75 million LINK from five noncirculating supply addresses, of which 18.125 million were transferred to Binance, worth approximately $207 million.
Every three months, Chainlink's noncirculating supply address unlocks and transfers around 20 million LINK. Since 2022, over 133.4 million LINK tokens worth $1.29 billion have been unlocked and transferred to Binance in this manner., the Chainlink network's native crypto asset, was up 0.70% in the last 24 hours to $11.51, and up 8.56% weekly. LINK is presently the 14th largest cryptocurrency, with a market valuation of $7.22 billion.On Sept. 23, 21.
Chainlink's proof of reserves automatically audits financial data, including off-chain reserve balances, and sends the information to a blockchain-based smart contract in real time.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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