About the 700K Transfers

Has anyone actually followed the transfers along in Etherscan?

I thought this was mostly fud, but I've just begun following the transfers and it's pretty strange.

The 700k transfers are usually sent to multiple addresses before eventually being broken down into smaller increments (i.e. 100k) until they end up in a wallet that actually is sending them to binance.

So it actually does appear as though as many of these tokens were sent to binance for cashing out.

Attached is the image of (one of?) the wallet that is sending the coins to binance...

This unironically has me thinking this is the actual cause of the correction and not weak handed faggots coughing up their links

Attached: Dumps.png (1141x580, 157K)

Other urls found in this thread:

etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xdad22a85ef8310ef582b70e4051e543f3153e11f
etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x1f9e26f1c050b5c018ab0e66fcae8e4394eb0165
etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x3cc0fd14d8bf72608ad87e7841dfe524db308e94
etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x2b263f27527f826b2816c349198aea974f9ef065
youtube.com/watch?v=Y4hv2xeAHzQ
youtube.com/watch?v=g1CIVSOAcK8
twitter.com/NSFWRedditImage

It doesnt take a genius, just look at when the transfers happened.. its obvious they dumped. Its also funny they havent dumped any after this large correction

I'm trying to determine what percentage of each 700k dump ended up being sent to binance.

The sketchiest part is that they are sent through multiple wallets as though trying to make the tokens a bit harder to track before ultimately going to binance...

if they were trying to obfuscate their "dumps" why would they send it to the same wallet every single time? lmao

hnnnnnnnnnngg

Attached: 700kdump.png (500x500, 276K)

They don't send it to the same wallet. They send them through multiple wallets then they seem to end up in different wallets that are the ones that ultimately send them to binance in smaller batches than 700k...

This is my only chance at a regular life. I’m holding it to 0

This is a team that is manually dumping 700k on their phones at market price. Hence why they fucked up and had a 70k and 630k dump back to back. They literally have no idea what they are doing.

Relax guys. From here it will gain about 59,000% by eoy

Does it not concern you in the slightest that there are still several wallets with 50M tokens (as this wallet dumping the 700k was initially)?

>Its also funny they havent dumped any after this large correction
This is the biggest red flag

Didn't sergey once say that he was worried there isn't enough tokens. I'm not worried

They’ve explained why in their white paper, to anons that emailed the team and even talked about it on stage at the ETH developer conference.

I mean, in truth they recently hired a handful of new devs, most likely having low-mid 6 figure salaries at the least.

It’s not the sketchiest thing in the world, but it could certainly use a lot more transparency, considering it was an ICO startup.

Surprise surprise, fat ass Sergey hasn't made a transfer in over a week since the major dump has occurred. Pretty clear he's just dumping at this point, if not, why would he not make a 700k transfer in over a week?

Your explanation would make sense if they didn’t dump exclusively when the price is rising

c-checked

Attached: shiiii.jpg (320x320, 9K)

this is good, which means they're expecting price to rise again.
good sign that they still have a lot to dump. I'd be worried if they've dumped a lot already and don't have much to dump later, which means they don't think it will rise much later

>I'd be worried if they've dumped a lot already
user I...

Attached: FC163727-7B71-4E8D-A8DF-70253DDA492B.jpg (1165x476, 93K)

The tokens are being sent into the mainnet, you fucking paid shill

How the fuck can the mainnet operate without tokens?

Not that I'm aware of...

What did you check? Put your fucking glasses on blind fuck.

They're literally not, and you'd know this if you followed them on etherscan yourself

>The tokens are being sent into the mainnet
Only when the price is pumping, right?

"Harder to track" how is literally anything on the blockchain hard to track as long as you know where one wallet is. What's there to track? All the information is there, faggot.

This...I've already made up my mind...its done

My ID says its PIE so that basically confirms it

>sent to binance
yes
>for cashing out
unproven, and LINK/ETH pairing (which is a better point of comparison than LINK/BTC or LINK/USD since it shows LINK performance relative to other alts) does not really support the hypothesis that some 10 million tokens have been dumped on the open market. This is just stale FUD by now.

We have been crabbing +/- 10% in vits since early July. Admittedly we're on the lower end of that range at the moment, but as a point of comparison, LINK was CHEAPER in ETH value back as early as July 6.

Why nobody remember that Sergey never want to discuss LINK price.

LINK is used as funding token (like XRP) for the next years.

Just another chainlink newfag here that things any repeating digits in a post is significant. There's lots of them lately

And here, since you clearly haven't checked shit, let me do your fucking work for you, you useless POS:

Here's the wallet that is sending out the initial 100K batches:
etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0xdad22a85ef8310ef582b70e4051e543f3153e11f

Let's follow the transaction from 29 days, 12 hours ago. 700k sent here:

etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x1f9e26f1c050b5c018ab0e66fcae8e4394eb0165

As you can see, this is also the wallet where 630k was sent and this is where smaller batches are sent out to other wallets. Let's follow the 300k amount sent 9 days 5 hours ago, it gets sent here (let's call this next one WALLET A)

etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x3cc0fd14d8bf72608ad87e7841dfe524db308e94

It doesn't stay here long before getting sent here:
etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x2b263f27527f826b2816c349198aea974f9ef065

And you'll see, here is the wallet where all the large amounts are sent to binance from. If you follow all of these large transactions, they mostly all end up here save for

i can't follow along, please make it more simple for me

It requires a more complex data structure/tree to account for it/organize it if you want to think of it that way. There are several "extraneous" branches of the tree that lead to the ultimate same spot where large amounts were moved into a wallet with no transaction history besides moving that amount in for a few minutes then moving it out.

What other reason would they be sending tokens from a developer wallet to binance for? Why would they be holding tokens on binance instead of on their own secure wallet...?

Ok, now fucking show us pictures of those amounts showing up on the order books or kindly STFU faggot

First try actually going to the links above. If you're being serious, what part don't you understand?

Get me access to binance's archived books and I will...

Why do you suppose they would be sending tokens to binance instead of holding them themselves? The volume has been more than high enough to prove that much larger amounts were exchanged than these each day on binance...

What more logical reason do you propose? Just feel like keeping millions of coins on binance instead of in a wallet that's been secure for years...?

>I thought this was mostly fud,
how much of a fucking brainlet do you have to be not to check it out before ruling it as fud
you deserve to be poor

Lol you guys deserve the suffering. Thanks for flaunting this useless fucking token and ignoring real projects. Go fuck yourselves and fuck link

Hi Anima, go dilate

Either LIDF paid by team or genuine retard. Probably both.

Just did the math, 8,600,000 tokens have been dumped from the wallet that is directly sending them to binance in the past 45 days (the wallet's oldest transaction is 45 days, 3 hours ago)

Have been busy

Don't know what this means

I'm just expressing facts regarding these tokens, not sure why anyone is getting butt hurt.

If you're serious, try this. Go to this link:

etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca?a=0x2b263f27527f826b2816c349198aea974f9ef065

And then just click the "from" address for each transaction of 100k-400k. If you follow them back to 3 or 4 wallets, you always end up back at the dev wallet that was sending them out in 700k batches...

If LINK hits $0.98 I’m selling half my stack

>Devs get paid in tokens
>Everyone agrees with this. It's in the whitepaper, it's on the site.
>Devs sell the tokens they were paid in
>ZOMG HOW DARE THEY

Attached: 979255A5-A0A2-42BD-A3B1-CDD8A444707D.jpg (1536x2048, 667K)

But this would suggest that the devs are NOT paid in tokens because one single wallet is the one that is ultimately sending the tokens to binance for liquidation (or for whatever reason they're sending them to binance since previous anons, despite not saying why, appear to think there is some reason for doing that). Furthermore, if the devs were getting paid in tokens, I could guarantee you that some of the American devs would have chosen to cash out using coinbase...

It's just strange...

This is why we all need to report to SEC.

>.. its obvious they dumped. Its also funny they havent dumped any after this large correction

youtube.com/watch?v=Y4hv2xeAHzQ

Link doesn't have a mainnet... It's still an erc20 shitcoin

Attached: you.png (800x820, 267K)

Interesting theory on the ETH pairing thing, I was actually just thinking about that yesterday, whether I should be charting alts more in ETH rather than btc.

Especially now that it’s looking like ETHBTC might start to finally bottom/reverse up soon, that will be the true benchmark to watch during the next bull run, assuming ETH does indeed end up rocketing in sat value. ‘

by sergey do you mean a larper? i remember the larper he was larping.

kek this retard just realized the team is dumping on him now

I'm not 100% sure, but it seems most likely that the team is selling on binance OTC in order to fund future development like they mentioned in the blogpost, thereby sidestepping the general Binance orderbooks.

This would translate into less aggregate demand on normal orderbooks, as large funds and potential node operators who need LINK tokens would buy directly from the devteam rather than on the open market.

This is bullish longterm as it means big players are making large-size purchases of LINK tokens already, either in prenegotiated amounts for running nodes or as direct long-term investments. Short term it reduces orderbook demand, but really it means Sergey is keeping the speculative price separate from the fundamental price until the network establishes itself through real-world usage.

kek linkers are so deluded, they think it's "unproven" that the tokens are being dumped because no one has order books screenshots of it. That is the most desperate cope I've seen in my life. There's no order books screenshots if you use the API to sell 1 link per second.

>Team owns 65%
>Team sold 2% of their tokens, still 98% left to dump
>Price dump 60%
>Linkers: This is bullish longterm
kek the cope

>Market demand for large quantity of tokens in a highly illiquid market
>Devteam actively hiring and making investments into related technologies like Towncrier and Treeleaves
>Implying this isn't bullish for the future of decentralized oracles

>implying the fact that the team still have 98% of their tokens to dump after a 60% price crash is bullish
kek coooooooooope

Oh alright, you got me. I'm coping with the best-performing cryptoasset over the past year and their responsible business practices.

Guess I'll just wait a week for your next "Insider LARP" thread and the FUD to mysteriously vanish.

Ahem
listen here brainlets
the team are selling it to an OTC firm, this is how OTC firms operate, there isn't necessarily a buyer on the other side for the whole batch, that's why they sometimes sell part of the batch on binance. The team is literally dumping on you, but most of it is dumped on a boomer whale who can't tell that chainlink is shit tech.

If you don't believe me that's how OTC firms operate here's an interview with a bitcoin og running an OTC firm. He touches on his OTC firm at the very end and suggests there's plenty of automated trading and dealing with exchanges going on. youtube.com/watch?v=g1CIVSOAcK8

>Can't post pics
>Can't prove shit

The argument is over. You'll never be able to prove anything.

They are selling them to burn then and make it better to increase the value

I think the key thing that everyone is amazed with is the buying power.

700k drops and people are continuously buying it up. The price has stabalized in betweekn 18k to 20k stats. Unbelievable.

Chainlink price chart looks ready to skyrocket. The best investment of 2019 is about to get even better into 2020.

The fact that ChainLink is compatible with Ethereum has nothing to do with whether there is a mainnet (hint: there obviously fucking is one). I’m now convinced you people are paid shills—your lies are too high-effort.

STOP SUCCESSFULLY DEFEATING FUD, I NEED IT TO DROP TO 50¢

this was literally day 1 information you idiot. there is literally 0 reason to transfer assets to binance like this unless they were willfully trying to obscure it's final destination. it's shady as fuck, and you have to be an idiot to still be holding this shit.

People are buying it up? The volume has dropped from over 1000 BTC a day on Binance to 300

what other reason do they have for transferring to binance only when it pumps if not to dump them? why aren't they transferring 700k right now when the token isn't doing shit but losing value?

Sorry to tell you kid, whether its to sell or obscure movement, its not shady....its just business

Exactly. It's obvious they are dumping, if not, they would have made atleast 1 transfer in the last week

Why in the fuck do they need tens of millions in the last 2 months, not even counting the $32 million

yeah, people have been buying it up obviously. Who the hell here can sell 700k LINK without the price cratering. let along selling it batches of 700k LINK.

LINK has the strongest chart pattern in all of crypto. My god. Chainlink looks like its about to explode higher. Those that can't see it are just in denial.

They're in Mumbai.

well, They adressed this.

They are selling to expand the team. I mean, when your partnered with half of the crypto projects and adding more partners, google and oracle integration with 50 startups on the way.....i Mean DAMN, yes, you have to expand to handle demand.

They are already top 3 Gas spenders on the Ethereum chain. The calls for data through the oracle network is gonna be insane volume in about 2 months.

gl. i sold 20k between $2.50 and $3.50. will sell half of what i have left at $1, hold the rest forever

because people in mumbai got millions to spend.

Millions of peaches.

listen you stupid mother fucker. They are using the binance to obfuscate the transaction. if you keep following the wallets they all end up at the same place in small increments

Because there's a perception that they're dumping the tokens. If they dump when LINK is at its low, I can see people panicking even more.

They don't need tens of millions to hire 10 people to the team fucking lmao the cope

they're probably buying intellectual property in addition to hiring, who knows they may even need to move to a larger office with a better location

Based

Well if you have no proof then why should we believe you

They dont think much of you braindead holders

They aren't being dumped, they are being used to build out the platform. Nodes, API and start up marketing of customers. Don't buy the rest the bullshit on here.

link is shit
ethereum is the real innovation that will have a massive positive impact and change the world for the better

Imagine the levels of delusion to actually believe this shit

If the volume was rising and price falling, we'd be in trouble

According to biz if you have no actual proof then the worst is immediately assumed. It's also why we have a bunch of conspiracy nutjobs here.

How come every time I refresh the chain link main page the Cayman Islands address changes? I had to refresh it a few times but it changed a few times!