---
title: "A whale is suspected of selling 441,000 LINK tokens through GSR Markets, holding them for nearly two years and expecting a loss of $1.77 million."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281891202.md"
description: "A whale is suspected of selling 441,000 LINK tokens through GSR Markets, incurring an estimated loss of $1.77 million. The transaction involved transferring $3.84 million worth of LINK to a GSR Binance deposit address. Analysis shows that two addresses withdrew from Binance between June and October 2024 at an average price of $12.7, while the current deposit price is $8.69, indicating a 32% decrease in asset value since the initial investment."
datetime: "2026-04-07T13:31:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281891202.md)
  - [en](https://longbridge.com/en/news/281891202.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281891202.md)
---

# A whale is suspected of selling 441,000 LINK tokens through GSR Markets, holding them for nearly two years and expecting a loss of $1.77 million.

According to on-chain analyst Ai Yi, a whale (a large investor) is suspected of selling 441,000 LINK tokens through GSR Markets, with an estimated loss of $1.77 million over the past two years. Address 0xd7C…EA229 transferred $3.84 million worth of LINK to a GSR Binance deposit address 10 minutes ago. Tracing the source of funds, it appears that two addresses withdrew from Binance between June 2024 and October 2024 at an average price of $12.7; the current deposit price was $8.69, resulting in a 32% decrease in assets since the initial investment.

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