Home » Crypto Whale Shifts Focus to Chainlink After Major Token Unlock

Crypto Whale Shifts Focus to Chainlink After Major Token Unlock

15.03.2025 18:00 1 min. read Alexander Stefanov
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Crypto Whale Shifts Focus to Chainlink After Major Token Unlock

A notable cryptocurrency whale, known for its high-stakes trading maneuvers, appears to have shifted focus from Ethereum (ETH) to Chainlink (LINK).

This latest move saw the whale liquidating 18.36 million LINK tokens, worth approximately $1.34 million, resulting in a loss of around $512,000, or 2.7%. The average sale price of these tokens was reported at $13.7 each.

Further analysis reveals that the same whale also closed several long positions in LINK on the GMX platform, securing a profit of $195,000.

In another move, the whale converted these positions on the Hyperliquid platform into short Bitcoin positions, leveraging 40x. At the time of writing, the unrealized profit from this new position stood at $290,000.

This activity occurred shortly after Chainlink’s significant token unlock, which released a large volume of tokens into circulation.
The timing of these trades coincided with a 4% surge in Bitcoin’s price, potentially influencing the whale’s strategy.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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