$LINK held for 2 years… and exits in the red 😬 This one’s… yeah, not the ending you’d expect after that kind of patience.
A pretty large holder of #Chainlink just moved ~$3.84M worth of tokens through GSR Markets into a Binance deposit address about an hour ago. And it looks like a sell. Now here’s the part that stings a bit.
Those tokens weren’t recent buys. They were accumulated back in mid-2024, June through October at an average of around $12.7. Solid entry at the time… nothing reckless. But today’s deposit price is at around $8.69.
So after holding nearly two years, the position’s down about 32%, translating to roughly a $1.77M loss if they’ve actually sold.
Further, this wasn’t a short-term trader getting chopped up -- this was someone who waited. Sat through all the noise, all the cycles… and still ended up exiting lower.
Here are those addresses if you’re digging deeper👇
0xd7C99242B4251feE97C54D89120E8B36883EA229
0xDCdcF7092613bE30c17F2B81017D73e618b69705
0x67b4b08979251277355A1b8209512C1D3849C624
