Data: A certain wallet heavily bought 6.28 million USD LINK at the peak before the flash crash on October 11 and then cut losses, incurring a loss of 1.096 million USD

ChainCatcher news, according to on-chain analyst Ai Yi (@ai_9684xtpa), monitored that the address 0xCEd…837b9 heavily invested $6.28 million in LINK before the crypto market crash on October 11, and after holding for two weeks, it cut losses, ultimately losing $1.096 million.

This address purchased 293,000 LINK at an average price of $21.4 between 00:50 and 01:14 on October 11. Just four hours later, the price of LINK plummeted to $7.9, causing the asset to shrink by 63% instantly. The address sold 2 hours ago at an average price of $17.55, still incurring a loss of 18%.