Whale Holds LINK for Seven Years and Makes Over $1 Million in Profit

According to blockchain monitoring firm TheDataNerd, on February 2, a whale (address 0xBA9A...4C7b) who had been holding LINK for years decided to unstake 159,300 tokens worth $1.51 million and deposited 130,500 of them (worth around $1.24 million) into Kraken.

The whale originally acquired these LINK tokens seven years ago at an average price of $1.69. By selling at today's market price, it generated a profit of $1.02 million, achieving a 460% return on investment.

Long-Term Holding Strategy Gains Attention

This event has once again sparked interest in long-term holding strategies. Analysts noted that the whale’s investment approach highlights the potential rewards of a patient investment mindset in the crypto space.

Market Reaction

While the whale’s actions did not significantly impact the price of LINK, its approach offers valuable insights for investors exploring long-term crypto strategies.