In the last five hours, two significant whales, likely representing an institutional entity, offloaded 371,000 LINK ($6.48 million) and 541,000 UNI ($5.89 million) on Binance, causing the prices of both tokens to plummet by approximately 4%. These whales had accumulated the majority of these tokens in late May, driven by the Ethereum ETF approval hype. The strategic timing of the dump appears to have been an effort to capitalize on recent market conditions, resulting in an estimated profit of $797,000. In the past 5hrs, two whales (likely one institution) dumped 371K $LINK ($6.48M) and 541K $UNI ($5.89M) via #Binance, causing
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