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Crypto Whale Sends $11.84M in ETH and LINK to Binance

Arkham Intelligence reports a whale moved 2,810 ETH and 204,504 LINK to Binance, reflecting notable high-value crypto activity on the exchange.

ETH
LINK

Summary

Arkham Intelligence reported on January 7 that a whale deposited 2,810 ETH worth approximately $9.04 million and 204,504 LINK valued at about $2.8 million into Binance. The sizable transaction underscores active large-scale cryptocurrency movements into the exchange.

Terms & Concepts
  • Whale: A term used to describe an individual or entity that holds large amounts of cryptocurrency, capable of influencing market prices.
  • ETH (Ethereum): The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contract execution.
  • LINK: The native token of Chainlink, a decentralized oracle network that provides reliable data to smart contracts.