Chainlink Whale Deposits $5.3 Million in Coins, VIRTUAL Team Is Selling

Activity in the cryptocurrency market continues. According to the latest news, it is observed that some big whales and early investors are transferring

Cryptocurrency market activity continues unabated. According to the latest news, it is observed that some big whales and early investors are transferring large amounts of cryptocurrencies to exchanges. While this activity leads to different interpretations in the market, investors are closely following the developments. Most recently, Chainlink and VIRTUAL whales and altcoin teams transferred coins to exchanges. Here are the details.

Chainlink whale deposits $5.3 million in coins on exchange

On December 28, according to LookIntoChain tracking, a whale address deposited 250,000 LINK (about $5.37 million) on Binance and OKX 3 hours ago. From December 14 to December 18, the whale address reportedly withdrew 595,000 LINK (about $17.31 million) from Binance at an average price of $29.1. It is currently facing losses of $4.5 million in LINK.

Just two weeks ago, Chainlink (LINK) lit up the charts with a massive 21% one-day surge thanks to a $1 million acquisition by World Liberty Financial (WLF). This explosive rally, fueled by the “Trump pump”, pushed LINK into the spotlight as a major player at the intersection of politics and crypto. However, as quickly as the excitement built, it soon fizzled out. This had a corresponding effect on the altcoin. At the time of writing, LINK was down to around $22.8.

VIRTUAL team is selling again

According to on-chain data analyst @ai_9684xtpa on December 28, the address “Suspicious VIRTUAL team/Early Participant” deposited another 2 million VIRTUALs (about $6.96 million) on Bybit 2 hours ago. Last week, the address reportedly transferred about 8.75 million tokens (a total of $27.08 million) to CEX, with an average deposit price of $3.09. At the moment, the three associated addresses still hold about $181 million in tokens, which is 10.9% of the Base Network's total token supply.

Virtuals Protocol has experienced impressive growth, emerging as a leader in the AI intermediary token space. In recent months, AI intermediary tokens previously circulating on the Solana network have moved to Base, a blockchain ecosystem that positions itself as a more efficient and cost-effective option for this type of trading. This shift represents a significant change in the landscape of AI-related crypto assets and the broader market. Currently, the VIRTUAL token, priced at $2.92, is one of the most prominent in this sector with a market capitalization of approximately $2.91 billion. This growth highlights Virtuals' central role as a key infrastructure provider for the AI agent ecosystem.

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