A whale, who lately opened a 50x lengthy place on Ethereum (ETH) and was recognized for deliberately liquidating it, appears to have set his sights on Chainlink (LINK) this time.
In keeping with the information, the whale pockets offered 18.36 million LINK value $1.34 million within the final two hours, incurring a complete lack of $512,000, or 2.7%. On-chain information reveals that the common LINK worth for the sale was $13.7.
As well as, the information exhibits that this whale additionally closed lengthy positions for LINK on GMX, and on this platform the whale made a revenue of $195,000. On the Hyperliquid platform, the cryptocurrency whale, the LINK whale, closed lengthy positions and transformed them into Bitcoin quick positions with 40x leverage, and on the time of writing this text, it has an unrealized revenue of $290,000.
This conduct by the whale pockets got here after the tokens from Chainlink’s main token unlock entered the market and the BTC worth elevated by 4%.
*This isn’t funding recommendation.
