Institutional Whale is Secretly Accumulating This Altcoin
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A recent analysis of on-chain data has revealed that Jump Trading, a leading algorithmic trading firm, has purchased large quantities of Chainlink (LINK) tokens from Cumberland, a crypto-focused subsidiary of DRW Holdings.
Jump Trading Bought A Large Amount Of LINK Altcoins Through Cumberland
According to the data, Cumberland has withdrawn $2.2 million worth of LINK from Binance and Gemini exchanges since May 10 and sent them to wallets with many small orders. From there, they transferred $1.75 million worth of LINK to Jump Trading's wallet.
This indicates that Jump Trading purchased LINK via Cumberland, possibly to avoid moving the market price. Cumberland transferred the remaining $320,000 worth of LINK to another wallet address for temporary storage.
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