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Chainlink Address Transfers 79,474 LINK to Coinbase After Five Years

A dormant Chainlink address has executed a notable transfer, potentially yielding a profit exceeding $1 million if sold at current market prices.

LINK

Summary

An inactive Chainlink address has transferred 79,474 LINK tokens to Coinbase, valued at approximately $1.12 million. Acquired at an average cost of $0.6865 per LINK between October 2018 and February 2020, selling at the current price of $14.13 could yield a profit of around $1.06 million, reflecting a return rate of 1958%.

Terms & Concepts
  • Chainlink (LINK): A decentralized oracle network that enables smart contracts on various blockchains to securely interact with real-world data.
  • Coinbase: A popular cryptocurrency exchange platform where users can buy, sell, and store various cryptocurrencies.
  • Return on Investment (ROI): A financial metric used to evaluate the profitability of an investment, calculated as the gain or loss relative to the initial investment.