Investor Faces Significant Loss in LINK Token Trading

According to PANews, an on-chain analyst identified as @ai_9684xtpa reported that an investor holding the address 0xCEd...837b9 incurred substantial losses after trading LINK tokens. The investor initially purchased $6.28 million worth of LINK at the peak before a flash crash on October 11. The investor acquired 293,000 LINK tokens at an average price of $21.4 between 00:50 and 01:14 UTC+8. However, just four hours later, the price of LINK plummeted to $7.9, resulting in a 63% reduction in asset value. Despite selling the tokens two hours later at an average price of $17.55, the investor still faced an 18% loss, amounting to a total deficit of $1.096 million.