This crypto fund just bought $10m in Chainlink during last night's flash dip

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I was watching Three Arrows Capital's primary address last night and noticed that on the dip, the crypto fund accumulated a large amount of LINK. Three Arrows Capital accumulates a mass amount of LINK. Three Arrows Capital is by far one of the biggest funds in the space: they hold hundreds of millions worth of Grayscale Bitcoin Trust shares, hold a large chunk of the likely multi-billion-dollar-exchange Deribit, and have countless other investments in the space.

LINK fell from $14.00 to $12.50 in that frame of time, but bounced quickly back toward pre-crash levels.

Bidding the dip, seemingly, was Three Arrows Capital.

Minutes after the dip took place, the firm received 351,147 LINK from an address that received a Binance withdrawal.

Around fifty minutes later, another 400,000 LINK was received for a total of 751,147 LINK, valued around $10,100,000.

Su Zhu, CIO and CEO of Three Arrows Capital, liked the tweet I shared to my feed about the transactions.

Three Arrows Capital is far from the only fund that is accumulating a large amount of Ethereum-based coins.

Jump Trading, a massive proprietary trading firm based in Chicago has over $18.5 million worth of Ethereum, along with millions in Serum, Compound, Keep Network, and HXRO. The firm also has assorted investments in Numeraire, Orchid, Maker, and Huobi Token.

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