Whale Moves from Ethereum to Chainlink

A whale, previously noted for his 50x long position on Ethereum (ETH), has shifted focus to Chainlink (LINK).

Recent Transactions

According to recent data, the whale wallet sold 18.36 million LINK valued at $1.34 million within the last two hours, incurring a total loss of $512,000 (2.7%). The average price for LINK during this sale was $13.7.

In addition, the whale closed long positions for LINK on the GMX platform, realizing a profit of $195,000. Furthermore, on Hyperliquid, the whale converted long positions into Bitcoin short positions with 40x leverage, resulting in an unrealized profit of $290,000.

This strategy from the whale wallet aligns with the recent Chainlink token unlock and a 4% increase in Bitcoin’s price.

> Note: This is not investment advice.