Smart whale 0xf3f (aka the '50x ETH' whale) just dumped all 1.34M LINK bought on-chain 10 hours ago for 18.364M USDC at an average price of $13.7, taking a $512K (-2.7%) loss:

• address: 0xf3f496c9486be5924a93d67e98298733bb47057c

At the same time, the whale closed its LINK long positions on GMX for a net $195K profit and flipped its LINK longs on Hyperliquid into BTC shorts (40x leverage), now sitting on an unrealized $290K profit.

Notably, this move comes as Chainlink’s big unlock hits the market (more details here) and the BTC price jumps 4%+, now nearing $85K. What would be the outcome this time?

The LINK price dropped 3.31% in the past hour, probably due to both the unlock and the whale's selling.

Fig 1. The overall on-chain LINK trading history of the smart whale 0xf3f.

Fig 2. Smart whale 0xf3f took a net $195K profit from its LINK long positions on GMX (source).

Fig 3. The current PnL of the smart whale 0xf3f's BTC short position on Hyperliquid (source).