GSR Market Deposits 300,000 LINK to Binance

IconCryptoNewsTerminal Staff02 Jul, 2024

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GSR Market Deposits 300,000 LINK to Binance

On-chain analyst The Data Nerd reported that an address believed to belong to crypto market maker GSR Market (beginning with 0x4E2) received 300,000 LINK from a specific multi-sig address 14 hours ago and subsequently deposited the entire amount to Binance. This substantial transaction implies that GSR Market may be preparing for a potential increase in LINK trading activity or positioning itself to take advantage of market movements.