Tanju Akbıyık 
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 $512,000 loss, equivalent to 2.7% of the total transaction value. The average selling price for LINK during this operation was $13.70.
Strategic Moves on GMX and Hyperliquid
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.
Market Conditions Driving the Whale’s Strategy
These transactions coincided with Chainlink’s major token unlock event. In a significant development, LINK’s price surged 14% from $12.77 to $14.54, following a partnership announcement with OpenEden. Meanwhile, Bitcoin’s 4% price increase further fueled market volatility.
The whale’s 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’s trades on market sentiment remains a topic of keen interest.
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