Three whales dumped 1.824M LINK ($26.6M) via Binance and Paraswap in the past 2 hours, causing the price to drop around 4%!

Fig 1. Three whales dumped 1.824M LINK ($26.6M) via Binance and Paraswap in the past 2 hours.

1. Whale 0x0fa allegedly sold 569,908 LINK for 3,500 ETH ($8M) via Binance:

• LINK transaction: 0x311a2132d16793a09bc69a4e56b1a728f28d2152f4f34f485b2b59e684df6a0f
• ETH transaction: 0x479b427e6409ab73486ce1c61bda8b7366d3f11545a4d3eea7ea0345a3b36406
• address: 0x0facdaa617943fc650fd31ac8eee3f477cc42a06
• check out whale 0x0fa's PnLs via visualizer here

Regarding LINK, overall, the whale has completed two full trading cycles with the following PnLs:

• lost $191K (-13.6%) from trading 174.138K LINK in the first cycle between July 20 and September 23, 2023.
• gained $4.75M (+118%) from trading 569.908K LINK in the second cycle between September 24 and December 7, 2023 (just now).
• cumulative profit from LINK: $4.55M

Moreover, some of the whale's other PnLs include:

• gained $645K (+23.1%) from MATIC
• lost $758K (-15.4%) from SNX

Fig 2. Whale 0x0fa's overall LINK trading history.

2. Two whales 0x8b9 and 0x362 (likely one person) sold 1.254M LINK for 7,962 ETH ($17.8M) at an average price of $14.21:

• address 1: 0x8b947f974618af6b3e63b7a942ef02d505ad8564
• address 2: 0x362208b5c0364e9100003192fca06647d4db6ec7
• check out the two whales' visualizer here

Notably, the two whales may belong to one person due to their identical trading pattern.

Overall, the whales bought those 1.254M LINK with 5,281 ETH, 2 WBTC, and 20,011 USDT (total: $9.28M) at an average price of $7.4M between July 20 and October 8, 2023. After the sales, they realized an estimated profit of $8.55M (+92.1%).

Currently, the whales no longer hold LINK.

Fig 3. Whales 0x8b9 and 0x362's overall LINK trading history.