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.

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.