Arkham said whale wallet mtAAVEbank.ETH sold more than 138,000 LINK about six hours earlier, a transaction valued at roughly $1.9 million. At the time of the sale, BTC had not yet fallen below $84,000. The on-chain tracker said the wallet 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. Arkham data also showed the whale still holds more than $21 million in digital assets, mostly stablecoins. More than 10% of the wallet’s funds came from borrowing on Aave.
BlockBeats reported on Oct. 7 that, according to Arkham, whale wallet mtAAVEbank.ETH sold more than 138,000 LINK about six hours earlier, worth roughly $1.9 million.
At the time, BTC had not yet dropped below $84,000. Arkham said the whale may have sold LINK to provide funds for its 8x leveraged CRCL position on Hyperliquid.
The 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, and more than 10% of its funds came from borrowing on Aave.
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