Even the Patient Whale Couldn’t Hold Out: The Altcoin He Didn’t Sell When It Was Up 100% Was Sold at a Loss Today

A notable transaction in the cryptocurrency market indicates that whales have recently been selling off some altcoins at a loss.

According to on-chain data analysts, a crypto whale has sent 441,000 Chainlink (LINK) tokens, which they had held for approximately two years, to an exchange for sale.

According to the data, the investor in question transferred LINK assets worth approximately $3.84 million to the GSR deposit address linked to Binance. The transaction took place at a price of $8.69, and it was determined that the whale had accumulated these assets at an average price of $12.7 between June and October 2024.

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If it had sold in the summer of 2025, the profit margin would have been over 100%

This transfer, following a holding period of approximately two years, also indicates a significant loss for the investor. Based on current price levels, it is estimated that the whale’s assets have lost approximately 32% of their value, resulting in a total loss of $1.77 million.

However, if this whale had sold his LINK assets last summer when the price of LINK was $26, he would have made a profit of over 100%.

*This is not investment advice.

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