Whale Investor Sells Over 320,000 LINK, Nets Estimated Profit of $135,000

According to Odaily: Recently, a significant whale investor has executed a massive sale of 320,291 LINK tokens, pocketing around US$135,000 in estimated profit, according to Spot On Chain monitoring.This unnamed trader, associated with the start of an address as 0x32b, made the sale at an average unit price of approximately US$11.182 in exchange for US$3.58 million USDC within just the past 30 minutes.Before the market price rose, these LINK tokens were primarily extracted from the Binance exchange via Wintermute at an average cost of around US$10.74, equating to an entire investment of roughly US$3.44 million. This transaction has subsequently resulted in an estimated profit of $135,000, marking a financial gain of approximately 3%.This major sale incident underscores the unpredictable nature of the digital asset market and the dynamics of whale investors who can significantly sway the market's direction.