Waited a Year Now Selling!

The whale wallet 0x7fBB...53B began selling the first portion of the 1.75 million $LINK it had held for a year as of May 27. This move is being closely monitored by on-chain analysts.

🔹 Between March 2023 and March 2024, the whale accumulated LINK through Kraken, making purchases totaling 12.3 million $ at an average cost of 7.03 $.

🔹 In its latest move, it transferred 403,000 LINK to Binance, resulting in a sale of approximately $5.87 million.

🔹 It currently holds 1.35 million LINK (approximately $18.6 million) in its wallet.

🔹 It has made over $12 million in profit so far.

🔹 During the market's peak, his profit reached as high as $39 million.

It is still unclear whether the whale will release the remaining assets into the market. However, this selling wave could serve as an important price indicator for LINK investors.