Smart Money's Big LINK Play: Three Whales Sit on $1.43M Unrealized Gains

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BlockBeats report reveals an interesting pattern in ChainLink’s market activity. According to on-chain data from analyst Ai Yi, three significant addresses accumulated substantial LINK positions approximately 11 days ago, now sitting on impressive paper profits.

The Details: Position Breakdown

Wallet 0x42B…6bbf6 made the first major move on August 17, building a position of 210,000 LINK tokens at an average acquisition cost of $23.94 per token (totaling approximately $5.06 million). This address currently holds unrealized gains of $303,000.

Wallet 0xCEd…837b9 followed a similar strategy on the same date, positioning 276,000 LINK at an average price of $22.12 per token ($6.63 million deployed). The floating profit from this holding stands at $900,000, representing the largest unrealized gain among the three addresses.

Wallet 0x61b…00EC3 completed the trio, accumulating 75,000 LINK on August 17 at an average cost of $22.71 per token ($1.81 million invested). This address has generated unrealized gains of $228,000.

What This Means

Combined, these three addresses hold 561,000 LINK tokens with a collective floating profit of $1.431 million USD. This coordinated accumulation pattern suggests sophisticated investors were positioning themselves during that specific window, betting on LINK’s upward trajectory. With current market conditions and token pricing, these positions represent a significant on-chain activity worth monitoring.

LINK0,29%
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