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1.29 Million LINK Tokens Worth $30 Million Deposited to Coinbase

A cryptocurrency address moves 1.29 million LINK tokens to Coinbase, facing a potential $570K loss due to price fluctuation.

LINK

Summary

An address has deposited 1.29 million LINK tokens, worth around $30 million, to Coinbase. The tokens were withdrawn from Binance at an average price of $23.69, but with the current price at $23.25, the holder faces a potential loss of approximately $570,000 if sold.

Terms & Concepts
  • LINK Tokens: LINK is the native cryptocurrency of the Chainlink network, used to pay for services and fees on the Chainlink platform.
  • Coinbase: A major cryptocurrency exchange that allows users to buy, sell, and store various digital assets, including Bitcoin, Ethereum, and others.