A major shareholder is suspected of selling 441,000 LINK tokens through GSR, incurring a paper loss of approximately $1.77 million.

CoinFeed reported on April 7th that, according to AI's monitoring, address 0xd7C…EA229 transferred approximately $3.84 million worth of LINK to a GSR Binance deposit address, amounting to 441,000 LINK tokens. Tracing the source of the funds revealed that this position was created by addresses 0xDCdcF7… and 0x67b4b0… withdrawing funds from Binance between June and October 2024, with an average initial investment price of approximately $12.7 per LINK. The current deposit price is $8.69 per LINK, resulting in a loss of approximately 32% and a floating loss of approximately $1.77 million.