Whale Unloads Almost a Million LINK Tokens, Secures $212K Gain Through a Sequence of Blockchain Transactions
Chainlink Whale Exits with a Profit of $212,000
In a strategic move that has confirmed a well-planned exit strategy, a major cryptocurrency holder has liquidated their entire Chainlink (LINK) holdings, worth approximately $21.46 million, across multiple decentralized exchanges (DEXs).
The whale, who remains unidentified, originally acquired the LINK tokens one month earlier, when the average trading price was around $22.87. Over the course of the month, they managed price risk by breaking the full liquidation into smaller lots, executing the trades in a methodical manner.
The LINK-to-USDT swaps were executed in structured batches, with each trade varying in size between $130,000 and $470,000. Notable transactions include one worth $162,039, another for $123,732.26, a third for $134,980.65, and the fourth for $162,190.68. The whale's largest recorded swap involved 19,593.1311 LINK traded for 444,847.8991 USDT, valued at $445,021.
The trades did not significantly impact LINK's price but did shift token distribution on-chain. The trades were executed using multiple wallets, including 1inch, to avoid price slippage and maintain market stability. No further activity related to the address has been observed after the final trade.
A total of four additional transactions occurred within minutes, each involving the sale of LINK tokens, confirming a deliberate exit strategy rather than a random selloff. All tokens were sold within minutes, resulting in a net profit of around $212,000 after one month of holding.
The whale's successful conversion of all LINK holdings into stablecoins concludes a one-month strategy of entry and exit, resulting in a complete shift from LINK to a stable reserve. The trades were recorded and confirmed by a Lookonchain post on X.
With the recent liquidation, the realized gain stands at about $212,000, reflecting a marginal price increase during the 30-day holding period. The major Chainlink holder who executed this strategy remains unidentified by name.
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