Analysis of cryptocurrency on-chain data reveals a significant shift in Chainlink (LINK) developer holdings. A wallet linked to developers recently moved a substantial amount of LINK tokens from a five-year dormant period, culminating in a $1.12 million transfer to Coinbase. If these assets were sold, the development wallet owners could have realized a 1958% profit on their initial investment.
This move occurred over multiple addresses between October 2018 and February 2020, with LINK trading at around $0.68 during that period. Today’s transfer values the tokens at $14.13, suggesting a potential $1.06 million profit if the developers had sold their holdings. However, despite LINK’s substantial price surge in 2021 reaching record highs of over $52, the developer wallet appears to have missed out on significant gains.
*Disclaimer: This is not investment advice.*
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