Whale Sells LINK for Over $1 Million Profit, Transfers 130,000 to Kraken

LINK Whale Realizes Significant Profits

According to market monitoring data, a major LINK holder recently executed a notable transaction. The address unwrapped 159,300 LINK tokens worth $1.51 million, and shortly after, 130,500 of them were transferred to Kraken. Analysts speculate this could signal a potential sell-off.

Over 460% Return on Seven-Year Investment

These LINK tokens were originally purchased seven years ago at an average price of $1.69. The long-term hold has now yielded a $1.02 million profit, representing an impressive 460% return. This move suggests the whale sees current price levels as favorable for exiting part of the position.

• Total Unwrapped: 159,300 LINK
• Transferred to Kraken: 130,500 LINK
• Average Purchase Price: $1.69
• Total Profit: $1.02 million

This transaction not only reflects the whale’s investment strategy but could also impact LINK’s short-term market trends. Investors are advised to monitor developments closely for informed decision-making.