Data: Suspected Same Institution Address Deposits $3.75 Million in LINK to CEX, Potential Profit of $764,000 if Sold

According to on-chain analyst @ai_9684xtpa, three addresses suspected to belong to the same institution or whale deposited approximately $3.75 million worth of LINK to a CEX two hours ago. If sold entirely, it is expected to realize a profit of about $764,000.

On-chain data shows that these three addresses accumulated LINK between June and October 2024, with an average purchase price of around $13, while the price of LINK at the time of this deposit was $15.86.