A whale has been spotted aggressively accumulating LINK, the native token of the decentralized oracle network Chainlink, according to blockchain tracking firm Lookonchain.

Lookonchain reports that a whale suddenly created 30 new wallets to accumulate $34.1 million worth of LINK tokens from Binance.

"Suspicious LINK accumulation spotted!

Over the past 5 days, 30 newly created wallets have withdrawn 1.37M LINK ($34.1M) from Binance."

At time of writing, Chainlink is trading at $24.04, up 34% in the last month.

Earlier this week, Chainlink released Smart Value Recapture (SVR), a solution aiming to allow DeFi solutions to recapture non-toxic Maximal Extractable Value (MEV) from the leading oracle's price feeds.

"Based on real-world testing, we believe Chainlink SVR can expect to achieve a realistic value recapture rate of approximately 40% (i.e., for every $100 that would have been leaked via liquidation MEV, $40 was recaptured). While some alternative solutions have claimed to achieve a higher efficiency rate for recapturing liquidation MEV, we have not seen conclusive real-world data to showcase this. We believe that 40% is a conservative but realistic estimate -- real life performance will be needed to gather actual data."

On the same day as the announcement from Chainlink, Aave, the biggest lending platform in crypto, proposed using SVR.

Specifically, the proposal was about activating a pilot program of SVR oracles on Aave v3 to recapture MEV from the platform's liquidations to return its own ecosystem. The proposal is currently awaiting questions and feedback from the community.