According to blockchain tracking firm Lookonchain, a whale has been spotted aggressively accumulating LINK, the native token of decentralized oracle network Chainlink.
Lookonchain reports that a whale suddenly created 30 new wallets to collect $34.1 million worth of LINK tokens from Binance.
“Suspicious LINK collection discovered!
In the last 5 days, 30 newly created wallets withdrew 1.37 million LINK ($34.1 million) from Binance.”
At the time of writing, Chainlink is trading at $24.04, up 34% over the last month.
Earlier this week, Chainlink released Smart Value Recapture (SVR), a solution designed to enable DeFi solutions to recover non-toxic Maximum Extractable Value (MEV) from the leading oracle’s price feeds.
“Based on real-world testing, we believe that Chainlink SVR can expect a realistic value recovery rate of around 40% (i.e., for every $100 that would have been lost through liquidation MEV, $40 was recovered). While some alternative solutions claim to achieve a higher efficiency rate in recovering the liquidation MEV, we have no conclusive real-world data to support this. We believe that 40% is a…
