Back

Whale Withdraws $13.98 Million from Binance and Kraken, Holds $74.83 Million in LINK and ETH

Onchain Lens reported significant whale activity involving LINK and ETH withdrawals from major exchanges, underscoring substantial holdings and potential market influence.

ETH
LINK

Summary

On December 6, blockchain analytics platform Onchain Lens detected a whale withdrawing $13.98 million from Binance and Kraken. The whale’s portfolio now totals $74.83 million, including 1.62 million LINK and 6,050 ETH. This activity adds to notable on-chain movements tracked by the platform, which previously reported a large-scale PUMP token withdrawal by the same or similar entity.

Terms & Concepts
  • Whale: A term used to describe individuals or entities that hold large amounts of cryptocurrency, capable of influencing market movements.
  • Onchain Lens: A blockchain analytics platform that monitors and reports significant cryptocurrency transactions.
  • LINK: The native cryptocurrency of Chainlink, used to pay for services and secure the network.
  • ETH: Ether, the native cryptocurrency of the Ethereum blockchain, used for transactions and smart contract execution.