Arkham said whale address mtAAVEbank.ETH sold more than 138,000 LINK about six hours ago in a transaction valued at roughly $1.9 million. The sale took place before BTC fell below $84,000, according to the monitoring update cited by ChainCatcher. Arkham also indicated the address may have sold LINK to fund an 8x leveraged CRCL position on Hyperliquid. That position at one point showed an unrealized loss of more than $1.25 million. The wallet still holds more than $21 million in digital assets, mostly stablecoins, with over 10% of the capital sourced from borrowing on Aave.
According to Arkham monitoring cited by ChainCatcher, whale address mtAAVEbank.ETH sold more than 138,000 LINK about six hours ago in a transaction worth roughly $1.9 million. The sale occurred before BTC fell below $84,000.
Arkham said the whale may have sold LINK to provide funds for an 8x leveraged CRCL position on Hyperliquid. That position at one point showed an unrealized loss of more than $1.25 million.
The address still holds more than $21 million in digital assets, mostly stablecoins. More than 10% of that capital comes from borrowing on Aave.
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