en.bitcoinsistemi.com
According to cryptocurrency onchain data, a crypto wallet connected to developers of an altcoin transferred funds to a centralized cryptocurrency exchange after a five-year dormancy period.
Data shows that a total of 79,474 $LINK tokens worth $1.12 million were transferred to Coinbase from a cryptocurrency wallet linked to Chainlink ($LINK) developers.
If these sent assets were sold, the owners of the developer wallet would have made a profit of 1958% on this investment based on the purchase price.
These tokens were transferred from multiple cryptocurrency addresses to the developer-linked address between October 2018 and February 2020. At the time, the $LINK price was around $0.68. At the time of today’s transfer, $LINK was trading at $14.13. If the developers had actually sold, they would have made a total of $1.06 million from this transaction.
Although the $LINK price is trading at a much higher level than five years ago, this wallet actually lost a significant amount of profit by not selling in the bull run of 2021. $LINK, which broke the record for the highest price level of all time at that time, climbed to $ 52.
*This is not investment advice.