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26 November 2020

This crypto fund just bought $10m in Chainlink (LINK) during last night's flash dip | CryptoSlate

This crypto fund just bought $10m in Chainlink (LINK) during last night's flash dip | CryptoSlate


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I was watching Three Arrows Capital’s primary address last night and noticed that on the dip, the crypto fund accumulated a large amount of LINK.

Minutes after the dip took place, the firm received 351,147 LINK from an address that received a Binance withdrawal.

As of this article’s writing, Three Arrows Capital holds approximately $14 million LINK on that one address, which is currently being lent to Aave.

Three Arrows Capital is far from the only fund that is accumulating a large amount of Ethereum-based coins.

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