A certain Whale has crazily swept up 2.33 million LINK in half a year, now facing unrealized losses of ten million dollars.

[Block Rhythm] On-chain data shows that a large investor has been quietly accumulating LINK at a certain leading exchange for the past six months.

This giant whale has accumulated 2.33 million LINK, with an average cost of around 38.86 million dollars. However, the current situation doesn't look good—at the current price, this batch of tokens is only worth 28.38 million dollars, resulting in a paper loss of about 10.5 million dollars.

Interestingly, this guy's method of building a position is very steady; he doesn't go all in at once but gradually accumulates from the exchange in batches. Calculating it out, his average cost is around $16.7, and the current LINK price is clearly making him a bit uncomfortable.

Such a level of position change often reflects the long-term judgment of large investors on a certain cryptocurrency. As for whether this whale is bottom fishing or catching a falling knife, it may still depend on the subsequent trend of LINK for verification.