The Chainlink team was suspected of large-scale liquidation of LINK tokens.?For a month and a half, the project capitalization decreased by Six hundred dollars million,?Trustnodes?reports.
On July 6, a recruitment message was posted on the project’s Twitter page, which, as per some observers, was the starting of the dump.
Following this message, a schedule was circulated on support systems showing the alleged token sales of 700,000 LINK each and every price rebound after reaching an optimum at the end of June.
According to Etherscan, 14 transactions of 700,000 LINK were created, which totaled 9.8 million tokens, or about Thirty bucks million.
After dealing with a small chain of addresses, these tokens were in love Binance, noted in Trustnodes.
Observers assume that at the end of June the daily trading volumes of ChainLink to the Binance exchange were artificially boosted.?So, with a capitalization of just $ 1.4 billion, this indicator amounted to $ 863 million. In accordance with some, the retail price movement chart for any mentioned period looks unnatural, especially considering that volumes favoring sales were recorded on one of the green candles.?You will find there’s possibility the fact that unknown had to provoke FOMO, but can not get there.?
Some imagine that the message regarding the expansion of the staff was only an endeavor to hide the large-scale liquidation of tokens.
It merits noting that in 2019 Chainlink raised $ 32 million via the sale of 350 million LINK which has an ICO.?At the same time, the saved 650 million LINK for any further growth and development of the project.