A Whale with the handle 1011 was heavily invested in $6.28 million worth of LINK before the flash crash, resulting in a loss of $109.6 thousand.

By: theblockbeats.news|2025/10/23 12:45:53

BlockBeats News, October 23, according to on-chain analyst Ai姨 (@ai_9684xtpa), address 0xCEd...837b9 was monitored to have heavily invested $6.28 million in LINK at the all-time high before the October 11 flash crash. After holding the position for two weeks, the investor cut losses and exited, ultimately losing $1.096 million.

The address bought 293,000 LINK at an average price of $21.4 on October 11 between 00:50 and 01:14 UTC, only to see the LINK price plummet to $7.9 within four hours, a 63% drop. Even when cutting the position at an average price of $17.55 two hours before, there was still an 18% loss.

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