A cryptocurrency whale has unlocked 159,300 LINK tokens worth $1.51 million after a seven-year hold, realizing a substantial profit. The whale, identified by the address 0xBA9A…4C7b, purchased the tokens at an average price of $1.69 each. Following the unstaking, 130,500 LINK tokens, valued at approximately $1.24 million, were deposited into the Kraken exchange.
The whale's strategic hold resulted in a profit of $1.02 million, marking a 460% profit margin. This move highlights the potential long-term gains in the cryptocurrency market, especially for early investors in projects like Chainlink.
Whale Cashes Out $1.5M in LINK After 7 Years, Nets 460% Profit
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
