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Whale Sells 138,000 LINK While Holding 8x CRCL Position
The wallet’s Hyperliquid position had an unrealized loss exceeding $1.25 million at one point.
Mentioned assets
A crypto wallet identified as mtAAVEbank.ETH sold more than 138,000 Chainlink (LINK) worth about $1.9 million while holding an 8x leveraged CRCL position on Hyperliquid.
The LINK sale may have provided funds for the position, which had an unrealized loss exceeding $1.25 million at one point. Bitcoin (BTC) had not yet fallen below $84,000 when the sale occurred.
The wallet still held more than $21 million in digital assets, primarily stablecoins. More than 10% of its funds came from borrowing through Aave.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.