Attached: Screenshot_20200810_132347.jpg (720x1520, 207.15K)
WTFWT
Ethan Allen
John Lee
What?
Tyler Rodriguez
HOLY SHIT ITS HAPPENING
Isaac Ross
It looks exchangers are literally running out of Link. lmao what the fuck indeed
Isaiah Long
5000$ EOD
Camden Garcia
Whales are accumulating Link, apparently.
But WTF Coinbase are run out of Link?
Anthony Flores
no, they're not
what are you guys talking about?
app.flipsidecrypto.com
??
are you guys retarded or something?
David White
>he doesn't know
Charles Murphy
Jose Anderson
oh gotcha, a random user telling you guys something makes more sense to you guys than looking at the actual data
Brayden Kelly
>ngmi
Jace Perez
The less active wallets have reduced significantly while top wallets seem to have taken a lot from exchanges which have less link than ever.
I thought binance had thens if millions of link however so not sure how accurate this graph jmis.
Hudson Fisher
I only have 300 LINK on Coinbase, but should I remove it anyway for the lulz?
Samuel Fisher
just tired of these stupid threads and replies
you're all weird as fuck, the link community used to be awesome, spreading fud to buy idiot's linkies
now you're all just spreading weak voodoo so people buy more
Liam Baker
Honestly agree. I’ve been wondering where to go for link news and breadcrumbs from now on as an intolerable number of newfag late buyers drown this board now. But i think it will be the same everywhere
Jace Edwards
Coinbase went from 2.0M LINK -> 1.5M LINK
Binance went from 7.3M LINK -> 2.4M LINK
I mean i guess they aren't actually out, but those are staggering changes, especially binance.
Andrew Butler
Except i’ve seen anons post a pic of exchange balances before (i think from ethscan) where binance had more like 30M Link. Im guessing this pic is not allocating all Binance wallets. Considering there are 350M Link in circulation there is a lot missing from tht graph.
Eli Jenkins
>Considering there are 350M Link in circulation there is a lot missing from tht graph
This
Kevin Morgan
Agreed, this chart seems more accurate.
While nowhere near drained, it does show a fairly consistent downtrend for LINK on exchange wallets
David Davis
Its probably their “hot wallets” - ages ago biz crashed out their hot wallet lmao
But yes the distribution action is heartening - limited supply means green line go up.
Has anyone done a similar look on ETH in its beginnings?
Justin Robinson
I remember that. Its definitely the hot wallet only and that goes for coinbase too. All these fucking normies interpret this wrong
Alexander Gonzalez
ETH peaked when its balance on exchange wallets was at a local low. So yes, this follows the idea that less on exchange mean green line go up
James Rogers
Nice, thx
Nathan White
Binance has multiple wallets. Some are used for withdrawals, some are used for deposits, and some are cold wallets that only get accessed occasionally to replenish withdrawal wallets. Their main cold wallet has over 50 million LINK
etherscan.io
Nathaniel Gray
Yes user, get argent wallet on phone unless you get ledger/trezor
David Harris
I have ledger this is just my lil swing stack
Nathaniel White
this is the one thing that nobody likes to talk about
it's an incredible amount of LINK in the hands of an exchange known to engage in shady shit
Nathaniel Long
I bought some 57 linkies the other day and Coinbase will still let me transfer only 33 to my wallet
Logan Evans
Yeah its 15% of the entire circulating supply in one exchange wallet. I'd wager they have at least 20% of the 350 million tokens circulation. And that's just one exchange (albeit the biggest one). How many circulating linkies are on exchanges altogether? Why are people still keeping their shit on exchanges?
Joshua Miller
i've tried figuring that one out myself, why people keep their link (or any crypto assets for that matter) on exchanges
it's like they're too young to remember mtgox or something
but even if the mtgox incident never happened, i'd still never keep my shit on an exchange
i wonder how many of that 50m in binance's cold wallet is actually owned by people that are just being kept on the exchange
Brayden Ross
Ease of trading, plus people fear a flash crash and think keeping their money on an exchange guarantees them a quick way to cash out.
I personally keep half my LINK in a metamask and the rest on cuckbase.
Caleb Morgan
coinbase is FDIC insured up to $250k, once i cross $250k i will take the rest off coinbase, leaving $250k on it
Samuel Gomez
i did not know this, still wouldn't keep it on an exchange, but that's pretty cool
that makes sense to me actually, not a good enough reason imo, but it does make sense