0x164 Wallet Sends $6.77M in LINK to GSR Markets-Linked Binance Address

Arkham reports multiple transfers totaling 1.45M LINK to a Binance account tied to GSR Markets, with tokens accumulated mid-2024 at an average $13.06 price.

LINK

Summary

Arkham Intelligence data shows 452,824 LINK valued at $6.28 million transferred to a Binance deposit address linked to GSR Markets. The tokens originated from two addresses that accumulated LINK during June–July 2024 at an average purchase price of $13.06. Over the past four days, a combined total of 1.45 million LINK worth $19.58 million has been moved to the same Binance address, indicating significant fund flows associated with GSR Markets.

Terms & Concepts
  • On-chain analyst: A researcher who examines blockchain transaction data directly from the network to identify patterns, movements, and entity relationships.
  • LINK: The native cryptocurrency of Chainlink, used to pay for services within its decentralized oracle network.
  • Binance: A major global cryptocurrency exchange offering trading, custody, and related services.