Whales have been accumulating Chainlink (LINK) in significant quantities, as observed by the crypto tracker Lookonchain. According to Lookonchain, 54 new wallets have collectively withdrawn 2.08 million LINK, valued at $30.28 million, from Binance over the last week. The tracker suggests these wallets may belong to institutional investors.

Source: Lookonchain/X

As of the time of writing, LINK is trading at $14.43. This 17th-ranked cryptocurrency by market cap has seen an increase of over 1.5% in the past seven days.

Additionally, Lookonchain reports that the German government transferred 1,500 Bitcoin (BTC), worth $94.7 million, on Monday. Out of this amount, 400 BTC, valued at $25.3 million, were moved to the crypto exchanges Bitstamp, Coinbase, and Kraken. Despite these transfers, the German government still holds 44,692 BTC, valued at $2.82 billion.

Germany is liquidating the BTC seized during an investigation into Movie2k.to, a now-defunct illegal streaming site accused of distributing over 880,000 pirated films between 2008 and May 2013. The Dresden Public Prosecutor’s Office revealed that the site’s operators had purchased Bitcoin with their illicit gains. In connection with this case, authorities confiscated nearly 50,000 BTC, marking the largest seizure of its kind in Germany to date.

Bitcoin is currently trading at $62,072, with a slight decline of over 1% in the past 24 hours.

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