LINK Investor Suffers Major Losses after Sudden Price Drop

A prominent on-chain analyst @ai_9684xtpa revealed that an investor holding the address 0xCEd…837b9 incurred significant losses in their LINK token trading. The investor initially invested $6.28 million in LINK tokens at market peak, only to experience a dramatic price drop following a flash crash on October 11th. 4 hours into the investment, the price of LINK plummeted from $21.4 to just $7.9, resulting in a 63% loss in their asset value. Despite selling the tokens two hours later at an average price of $17.55, the investor still faced a 18% loss amounting to a total deficit of $1.096 million.