PANews reported on August 18th that, according to Ai Yi's statistics, four addresses accumulated 580,995 LINK in the past 24 hours, with a total value of approximately $13.86 million. Among them, 0x99b…6A41E holds 273,060 LINK, spending $17.45 and making a $2.26 million profit; 0x4a8…91832 holds 321,362 LINK, spending $14.62 and making a $3.57 million profit; 0x4EB…3d5aF holds 721,294 LINK, spending $22.78 and making a $2.127 million profit; and 0xa36…f66CC holds 275,001 LINK, spending $21.63 and making a $1.127 million profit. The total value of LINK held by these four addresses now reaches $31.83 million.


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
