A major move was just detected—10 minutes ago, address 0x164...8357D deposited 500,000 LINK into the GSR Markets address associated with Binance. This transaction is valued at $6.77 million and is quite significant.

Looking back at the source of the funds is interesting. These 500,000 LINK actually come from two addresses, both of which gradually accumulated positions in mid-2024 (June to July 2024). The average cost basis at that time was around $13.06, while the current deposit price is $13.54—although the price difference isn't large, considering that LINK has increased by 9.25% over the past week, the whale's unrealized gains are already quite substantial.

Based on the timing of the accumulation, this clearly indicates a long-term holder gradually taking profits. When the market was trending upward, they also benefited from a wave of gains. The large deposit of LINK at this level warrants attention to the subsequent price performance.