A notable cryptocurrency whale, recognized for its high-stakes buying and selling maneuvers, seems to have shifted focus from Ethereum (ETH) to Chainlink (LINK).
This newest transfer noticed the whale liquidating 18.36 million LINK tokens, price roughly $1.34 million, leading to a lack of round $512,000, or 2.7%. The typical sale value of those tokens was reported at $13.7 every.
Additional evaluation reveals that the identical whale additionally closed a number of lengthy positions in LINK on the GMX platform, securing a revenue of $195,000.
In one other transfer, the whale transformed these positions on the Hyperliquid platform into quick Bitcoin positions, leveraging 40x. On the time of writing, the unrealized revenue from this new place stood at $290,000.
This exercise occurred shortly after Chainlink’s vital token unlock, which launched a big quantity of tokens into circulation.
The timing of those trades coincided with a 4% surge in Bitcoin’s value, probably influencing the whale’s technique.
