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🚨 BREAKING: Whale Sells $15.52 Million in Chainlink, $2.7 Million Loss 📉 Whales panic
wHaL3s bE sH00k s3ll1ng 700k liNkS? 🐋💸
Problem: A whale selling 700,000 Chainlink tokens at a $2.7 million loss has triggered a significant drop in price.
Ins
Main to remember:
🐋 A whale sold 700,000 links worth $15.52 million, incurring a $2.7 million loss.
📉 Active addresses and transactions dropped, indicating low network demand. If this trend continues, Link could fall to $20.3.
After rejection at $23.1, Chainlink experienced intense downward pressure, now at $22.1, marking a 3.74% daily drop. Whales panicked, selling at a loss. Historically, increased whale sales preceded price drops. Retail investors also aggressively closed positions. Chainlink faces potential further losses due to market conditions and reduced network activity. Sources: Cryptocurrency, Chain lens, Coanyze, Cryptochant.
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