{"id":38481,"date":"2025-03-15T10:28:13","date_gmt":"2025-03-15T07:28:13","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=38481"},"modified":"2025-03-15T10:28:13","modified_gmt":"2025-03-15T07:28:13","slug":"mysterious-whale-shifts-focus-to-chainlink-after-ethereum-liquidation","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/mysterious-whale-shifts-focus-to-chainlink-after-ethereum-liquidation\/","title":{"rendered":"Mysterious Whale Shifts Focus to Chainlink After Ethereum Liquidation"},"content":{"rendered":"<p>A well-known crypto whale, who previously made headlines by deliberately liquidating a <strong>50x leveraged long position on <a href=\"https:\/\/coinengineer.net\/blog\/?s=ethereum\">Ethereum (ETH)<\/a><\/strong>, has now turned its attention to Chainlink (LINK).<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/mysterious-whale-shifts-focus-to-chainlink-after-ethereum-liquidation\/#Large-Scale_LINK_Sell-Off\" title=\"Large-Scale LINK Sell-Off\">Large-Scale LINK Sell-Off<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/mysterious-whale-shifts-focus-to-chainlink-after-ethereum-liquidation\/#Strategic_Moves_on_GMX_and_Hyperliquid\" title=\"Strategic Moves on GMX and Hyperliquid\">Strategic Moves on GMX and Hyperliquid<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/mysterious-whale-shifts-focus-to-chainlink-after-ethereum-liquidation\/#Market_Conditions_Driving_the_Whales_Strategy\" title=\"Market Conditions Driving the Whale\u2019s Strategy\">Market Conditions Driving the Whale\u2019s Strategy<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Large-Scale_LINK_Sell-Off\"><\/span><strong>Large-Scale LINK Sell-Off<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>On-chain data reveals that in the past two hours, the whale sold approximately 18.36 million LINK tokens worth $1.34 million. This sale resulted in a $512,000 loss, equivalent to 2.7% of the total transaction value. The average selling price for LINK during this operation was $13.70.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Strategic_Moves_on_GMX_and_Hyperliquid\"><\/span><strong>Strategic Moves on GMX and Hyperliquid<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Beyond spot market activity, the whale also closed its long positions on the GMX platform, securing a profit of $195,000. However, the most notable move occurred on Hyperliquid, where the whale completely exited its LINK long positions and shifted funds into 40x leveraged Bitcoin (BTC) short positions. At present, this trade holds an unrealized profit of $290,000.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Market_Conditions_Driving_the_Whales_Strategy\"><\/span><strong>Market Conditions Driving the Whale\u2019s Strategy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>These transactions coincided with Chainlink\u2019s major token unlock event. In a significant development, LINK\u2019s price surged 14% from $12.77 to $14.54, following a partnership announcement with OpenEden. Meanwhile, Bitcoin\u2019s 4% price increase further fueled market volatility.<\/p>\n<p>The whale\u2019s aggressive and calculated maneuvers once again highlight how large-scale investors can swiftly adapt to major market events. With leveraged positions and sudden strategic shifts, the impact of this whale\u2019s trades on market sentiment remains a topic of keen interest.<\/p>\n<p class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A well-known crypto whale, who previously made headlines by deliberately liquidating a 50x leveraged long position on Ethereum (ETH), has now turned its attention to Chainlink (LINK). Large-Scale LINK Sell-Off On-chain data reveals that in the past two hours, the whale sold approximately 18.36 million LINK tokens worth $1.34 million. This sale resulted in a<\/p>\n","protected":false},"author":6,"featured_media":38482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[105,4044,2196],"class_list":["post-38481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-ethereum","tag-gmx","tag-link"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mysterious Whale Shifts Focus to Chainlink After Ethereum Liquidation - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/mysterious-whale-shifts-focus-to-chainlink-after-ethereum-liquidation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mysterious Whale Shifts Focus to Chainlink After Ethereum Liquidation - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"A well-known crypto whale, who previously made headlines by deliberately liquidating a 50x leveraged long position on Ethereum (ETH), has now turned its attention to Chainlink (LINK). Large-Scale LINK Sell-Off On-chain data reveals that in the past two hours, the whale sold approximately 18.36 million LINK tokens worth $1.34 million. 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