According to on-chain data tracking, a whale investor who purchased a large amount of Chainlink (LINK) during the 2021 bull market peak sold off part of their holdings today, ultimately incurring a significant loss. The address accumulated 253,000 LINK between August and December 2021, with a total cost of approximately $5.58 million, when the LINK price ranged from $18 to $33. Today, the address transferred 215,000 LINK to the Bybit exchange in preparation for sale. Estimated at the current market price of approximately $9.14, this sale resulted in a paper loss of approximately $3.5 million. After entering the market at its peak, this investor experienced a five-year bear market before finally choosing to exit at a low point, becoming another example of the classic "buy high, sell low" cycle in the crypto market. It is worth noting that the investor has a total of six associated addresses and currently holds approximately $2.08 million worth of Ethereum (ETH), indicating continued long-term confidence in mainstream assets.
Whale Who Bought LINK at 2021 Peak Exits After Five Years, Loses Over $3.5 Million
A whale who bought Chainlink at a high price in 2021 sold 215,000 LINK today after a five-year bear market, losing over $3.5 million, reproducing a classic investment mistake in the crypto market.