An institutional custody wallet (0x3bd) transferred 276.685k $LINK worth $2.24m to wallet 0x7C8 in what appears to be an OTC transaction. The receiving wallet then immediately deposited the $LINK to Coinbase, likely to sell and capture the price spread. Custody wallet 0x3bd is currently holding 4.623m LINK worth $37.58m. The market lacks liquidity. ETF net inflows have been zero over the past seven days, and LINK's price action has been weak, with most of the movement seemingly driven by trading bots rather than genuine buying demand! https://t.co/SLxU70gDof
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