***DEV WALLET SOLD 4.1 MILLION LINK*** ***FATE OF DEV WALLET 5.4 MILLION***
I decided to track all of the LINK transfers out of the dev wallet #8. They’ve sent around 9.5 million LINK out to 4 original wallets. Following all transfers out of these 4 wallets, around 4.1 million is sent to Binance eventually. The remaining 5.4 million is distributed across 19 other wallets currently. Of these 19, >16 of them have never received funds from any other source. >2 received LINK also from the ICO (I think?) one of which received 13 million LINK. >1 has also bought 50k from binance. The wallet which also bought from binance is strange because they’ve received 76,023.3918128533 LINK from 2 separate devfund wallets, once 56 days ago and once 15 days ago. By this I mean originally sent from 2 of the original 4 wallets. These two separate wallets sent the EXACT same amount right down to the decimal places. I’ve marked the route with a black sharpie, pic related. Weird, right? What did they mean by this? And how many people do you think own all these wallets? I think the same person surely owns the 2 that made the exact same amount transfer but other than that I don’t know. What do you think, anons? Sorry for the messiness of this diagram, it was just easier to do it by hand than on the computer.
How fucking autistic are you and what does this mean for the price of LINK?
Exit scam confirmed
More fud please, still haven't bought in. Didn't think the best market would end so quickly
Why would he care what it looks like?
Also, I posted before about one of the wallets here sending multiple 30,000 transfers to a new wallet over the course of 6 days. I thought it looked automated and was maybe something to do with testnet. Well I also found a similar pattern in another wallet that received dev funds, but his transfers were all going to Binance. This is where 3 million of the dev fund were sold. So he was selling slowly over a period of a week so as not to crash the price. But the guy sending 30,000 LINK in multiple transfers wasn’t sending to Binance so it wasn’t for the same reasons I guess. The testnet thing probably doesn’t make much sense though since I think these “dev wallets” are actually for the advisors of the project and not people working on testnet.
This except he's doing it to keep stacks separate and safe in case something happens to one of the wallets.
How is this FUD? He didn’t sell like 5 million that he transferred out: who was he transferring to???? Anyhow, it’s his prerogative to sell LINK he was paid for being an advisor so it’s no biggie
Bullish. This means people who have bought from binance are now confident enough to buy in bulk from the source.
I don’t think so. Look at the amounts in each ultimate wallet. They are not equal amounts, why would you put 700 in one wallet and 390k in another? Etc. And 19 wallets seems a bit insane for 1 person. You’d have a higher risk of losing your keys, making it unsafe, surely.
>penmanship pls be my stinky linky gf
Also sergey isn't necessarily giving away link to companies from the big wallet designated for that. We could be seeing tokens going to node operators and companies and they're just keeping track of the numbers, not using the addresses that we would think they would be, i.e., the big one.
Did you even read the post? He's just analyzing wallet activity.
Also there are a lot of people working for them now either as freelancers or full-time employees. You can see on github there were multiple people doing commits when the repository was private and even after they have actually assigned things to other people than just dimitri and steve.
HE IS FUCKING DUMPING, SELL SELL SELL
yeah, but no price increase.
If Sergey won't answer this question I'm out. This is clearly an exit pattern.
I have no idea what any of this implies and I think that if I start thinking about it too hard im gonna start seeing what I want to see or become a conspiracy theorist.
Nah, he bought from Binance BEFORE the weird 76k exact to the decimal place transfers which ultimately derive from #8 dev walllet.
and dropping like a rock. I would not want to be caught holding this rn
Etherscan link to wallet activity?
If this is true its huge, as its clear that the project is doomed to fail and devs not even believe the current value is too high. They just cant dump all at once as that would crash the price to 0, so they are dumping it in 10% intervalls.
But yeah link to wallet movements on etherscan pls
These transfers I’m talking about haven’t occurred during the last week. They’ve occurred since ICO all at different times. Also the volume wouldn’t show on Binance or any exchange since the transfers are from dev wallet, not exchange.
wow you actually did something useful for once.
This shit has zero value. Only driven by Btc and bots.
This is a bit Pepe Silva. I'm not suggesting to understand what this can mean, but another possible explanation is that dev wallets are covering the linky costs of nodes while the mainnet gets deployed. But transfers and new wallets could mean a million different things..
It’s the #8 top wallet and follow the transfers from there.
It’s not an exit scam since 1. The wallet is probably an advisors wallet, not a dev or part of the core team. It’s not a fund for the project but someone’s personal payment which 2. The transfers occurred since 180 days ago, not recently. They are also sporadic and not regular at all apart from the 3 million sell. 3. Only 5 wallets out of 19 sold to Binance.
One other avenue people could pursue is cross referencing when people started (e.g., we know Dimitri has been with them since november) with when tokens were sent. This may not line up since there's possibly some sort of vesting period but maybe not because they started sending tokens out fairly early.
There are a few other people from github who left there previous jobs in that time period from November to January and don't have a new job on linked in. If you subtract out the advisors, Rory, Thomas, Dimitri, you'd be left with the number of people who are potentially being paid to work on the project.
*number of other people who haven't officially been annnounced or are just freelancing.
For example Rory said they had hired two other people than steve and thomas full time for coding, though we don't know who the one other than dimitri is. I suspect it's Ben Woolsey but there are a number of other people who seemed to have had access to the repository pre-reveal
Why would an advisor pay the salary of a dev though? Why would an advisor send to 4 wallets then 19 in this way if they were merely organising their personal funds?
I’m totally clueless about what this could all mean, no idea.
bought 1k 10 mins ago
No fucking shit. I tried to warn you losers.
The LINK token was shadowforked for SWIFT. Sergey and his team are dumping the rest of his regular link. It's purpose was to fund his oracle service, not get a bunch of Veeky Forums neckbeards a lambo.
Shadowfork confirmed. ChainLink exit exam confirmed. Sell your bags immediately.
Can anyone explain the two 76,023.3918128533 LINK transfers from two separate wallets that occured weeks and weeks apart. Why are they EXACTLY. THE. SAME. What is the meaning of this? It suggests the same owner for the wallets. But why such a precise number? Is it some kind of specific pre-determined amount, a deal?
How much LInk is in the request wallet? Isn’t it like 1/10 of that amount?
That would be very interesting, can someone link the Req wallet?
not even close. in order for it to be an exit scam the devs would do a mass sell off and that hasnt even remotely happened and in all likelihood never will
Why does it matter so much? Its obviously the same owner or same group of owners. The very specific value does suggest the figure could have some significance but it could also just be a particular fraction or % of a value which is being shared equally. It's honestly probably nothing.
Why would the need to sell link for development The have 23millions (now even more) to develop a fuckin product One could think thats enough to pay like 3 devs
>Why are they EXACTLY. THE. SAME. What is the meaning of this? Having a very specific large amount like that HAS to be a test of some sort, as it is purposeful. They likely wanted identical results outputted to two separate wallets, only through different origins/APIs, pulling identical data. Seems to me like a successful test of some kind.
350 million Link was always meant for development. So yeah.
What do you mean by this?
Yeah good point, doesn’t explain why they’d send the amount weeks apart when funds were already available, nor why it came from 2 separate wallets
Maybe theres a golden link cube there.
so many fucking wallets. why go through so much trouble when selling shit. makes it look worse
Kek, or is it child porn related?
I have set 10 different wallets with all my stack divided in them (with different amounts I should add). 2 of them are destined to staking in linkpool and in my own node and the others are destined to cash out once CL gets to $10, other to $150, other to $500 and so on. I don't think it's that big of a deal handling the keys either...
Because the recipient wallet contractually agreed to get that amoung, nothing less and nothing more. It might not be a person, but a company which decided to get certain amount ahead of time regardless of the price.
Have you checked the price of CL the days this transactions were made?
^^ i second this keep it up, user, you're the fucking best
That’s what I thought, maybe wishful Thinking though because 56 days ago they didn’t even have testnet did they?? Or did they always have that basic one on their website but not LINK network that they have now
OP tell me what this means. i stopped reading is LINK fucked? only OP answer please i do not trust anyone else
If it’s an exit scam they would tease a big partnership to drive up volume and the price so they can dump a lot at a higher price.
Sell all your LINK immediately, this is basically proof of the shadowfork.
Thank you for this thread, you always know there is a big upward swing coming when the shills are in full force FUDing. >Always do the opposite of Veeky Forums