A prominent investor, identified by their wallet address 0x3c9, has made significant deposits of $LINK tokens to the Kraken exchange in a notable series of transactions. Over the past five days, this investor has transferred a total of 250,000 $LINK, valued at approximately $3.72 million, into Kraken.

According to onchain analyst Data Nerd, the latest transaction occurred just two hours ago, with the investor depositing 50,000 $LINK, worth around $682,000, into their Kraken account. This follows a consistent pattern of large-scale deposits throughout the week, each involving the same quantity of $LINK tokens.

In addition to $LINK, the investor's diverse portfolio includes 31,793 $ETH and 138 $WBTC, along with 70,000 $LINK tokens within the Spark and AAVE ecosystems.

Evaluations by Arkham Intelligence place the total worth of this investor’s wallet at an impressive $43.024 million. However, the wallet has recently seen a 2.93% contraction, equating to a financial loss of $1.27 million, partly due to the decline in the LINK token's value.

Currently, the LINK token trades at $13.69, reflecting a 6.67% decrease in the past 24 hours. This decline is part of a broader trend, with the token dropping 11% over the past week and 15% in the last month.

Despite these declines, LINK maintains a significant market presence, valued at $8.04 billion and ranking 15th in cryptocurrency market capitalization. Interestingly, the trading volume for LINK has surged by 103.50% in the past day, reaching $484 million. This surge suggests that, despite the price dip, investor interest in LINK remains strong.