Cryptocurrency Whale Sells All Its Altcoins After Continuous Losses

An important Chainlink (LINK) whale seems to have sold all of his altcoins after losing a large amount of money.

Whale with short address 0xb0a sold $143,206 LINK for $964,769 at an average price of $6.74.

Whale 0xb0a is known for its rapid trading cycles and completed three such cycles with LINK, resulting in a total loss of $49,261 (-2.52%).

In the first cycle, the whale traded 200k USDT and 16,150 UNI ($397k total) on August 9 for 52,319 LINK at an average price of $7.60. However, on August 12, all LINKs were sold for $385,733 at an average price of $7.37, resulting in a loss of $11,822 (-2.97%).

In the second cycle, the whale exchanged 576,870 USDT for 75,347 LINK at an average price of $7.66 on August 14 and 15. Whale sold all assets for $553,187 on August 15, at an average price of $7.34, just before the LINK price dropped sharply. This resulted in a loss of $23,683 (-4.11%).

In the last cycle, the whale bought 143,203 LINK, paying $978,525 between September 18 and September 20, paying an average of $6.83.

However, the day the unfortunate whale sold all these tokens at $6.74, where the LINK price suddenly dropped. The price of the token is trading at $6.94 at the time of writing this article. Whale lost $13,000 in its last transaction.

Balinanın kripto para alım ve satımı yaptığı bölgeleri gösteren grafik. (SpotOnChain)

Source