Giant Cryptocurrency Whale Gave Up: He Sold Massive Amount of This Altcoin He Bought Before The Crash

According to Onchain data, a crypto whale appears to have sold the altcoin he recently purchased at a loss in his latest transactions.

According to the data, the crypto whale in question recently transferred $5.37 million worth of Chainlink (LINK) to Binance and OKX.

This whale withdrew 595,000 LINK worth $17.31 million via cryptocurrency exchange Binance between Dec. 14 and Dec. 18. The average purchase price was $29.1, the data shows.

With the recent declines, the giant crypto whale has lost $4.5 million from the LINK token at the time of writing. The current price of the LINK token is at $21.52.

However, LINK reached its all-time high in 2021, when it reached a high of $52.88. It is currently trading 59% lower than its ATH price level.

Due to the token unlocks that have occurred since the ATH price level, the total market value of LINK in the current bull market has approached the record value of $20.60 billion with $18.19 billion.

*This is not investment advice.