According to on-chain analyst Ai Yi (@ai_9684xtpa), a large whale deposited 200,000 LINK into the cryptocurrency exchange Kraken approximately five hours ago at an average price of $8.98, totaling around $1.8 million. The address originally accumulated these tokens between March 2018 and June 2019 at an average cost of approximately $0.3283, resulting in a total cost basis of about $66,000. If all tokens are sold following this deposit, the unrealized profit would reach approximately $1.73 million, representing a return of roughly 2,635%. After this deposit, the address now holds zero LINK.
LINK whale transfers 200,000 tokens to Kraken after 8-year hold, realizing a 2,635% return
TechFlowShare
Summary
Whale activity in the crypto market has drawn attention as a major LINK whale transferred 200,000 tokens to Kraken after holding them since 2018. The whale originally purchased the tokens at $0.3283, totaling approximately $66,000. With the current price at $8.98, the deposited amount is now worth about $1.8 million. Such whale movements often signal potential selling pressure, as the profit from this trade amounts to roughly $1.73 million—a 2,635% return. The whale now holds zero LINK.
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