According to Golden Finance, Lookonchain’s monitoring shows that whale 0x7fBB has recently initiated the sale of LINK to achieve profit acquisition.
Between March 24, 2023 and March 25, 2024, the whale extracted 1.75 million LINK pieces from Kraken at an average unit price of $7.03, worth approximately $12.3 million at that time, and held them for more than a year thereafter.
Since May 27th, Whale has deposited 403,000 LINK into Binance, which is worth 5.87 million US dollars at the current price. As of now, the whale still holds 1.35 million LINK pieces, valued at 18.6 million US dollars, with an overall profit of 12 million US dollars. It is worth mentioning that during its peak profit period, its profits exceeded 39 million US dollars. This whale’s trading behavior may have a certain impact on the market price of LINK and has also drawn the attention of investors in the cryptocurrency market. Whether it will continue to sell LINK in the future and how the price of LINK will change are worth continuous tracking and observation.
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