Chainlink (LINK) sees contrasting trends with retail investors selling 5.67M LINK in recent weeks, while whales engage in short-term transactions with potential unrealized losses.
This contrasts with the enthusiasm earlier in December when LINK surpassed $29 for the first time in over three years, sparking optimism in the community. Retail investors have shown a different trend, selling 5.67M LINK over the last two months, potentially driven by impatience, profit-taking, or fear of further price declines.Meanwhile, whale activity also includes short-term maneuvers. According to data by Lookonchain, a whale recently deposited 250K LINK ($5.
37M) to Binance and OKX after withdrawing 595K LINK ($17.31M) earlier this month at an average price of $29.1, now facing unrealized losses of ~$4.5M as LINK retraces.In the last two months, Chainlink whales with over 100,000 LINK tokens have bought 5.69 million worth of the coin. Similarly, fewer than a hundred thousand LINK holders have dumped theirs onto the market. Data shows these retail traders sold 5.67 million LINK from their collective wallets. This move by retail investors might reflect impatience, panic-selling or profit-taking before the price drops again
CHAINLINK LINK CRYPTO WHALES RETAIL INVESTORS
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