Arkham tracking data shows that whale wallet mtAAVEbank.ETH sold more than 138,000 Chainlink (LINK) about six hours ago in a transaction valued at roughly $1.9 million, according to Odaily. The sale took place while Bitcoin was still above $84,000. The wallet is believed to have used the proceeds to fund an 8x leveraged CRCL position on Hyperliquid. That position at one point showed an unrealized loss of more than $1.25 million. Despite the sale, the wallet still holds more than $21 million in digital assets. Most of those holdings are in stablecoins, and more than 10% of the capital is sourced from borrowing on Aave. The report did not disclose additional details on the timing of any follow-up trades or whether the position was later reduced.
Whale wallet mtAAVEbank.ETH sold more than 138,000 Chainlink tokens (LINK) about six hours ago in a transaction worth $1.9 million, according to Arkham monitoring cited by Odaily.
The sale came while Bitcoin (BTC) was still above $84,000. Odaily said the wallet appears to have sold LINK to provide funds for its 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, mainly stablecoins. More than 10% of the capital comes from borrowing on Aave.
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