A certain whale appears to have purchased over $15 million worth of LINK through OTC trades from a Revolut custody wallet over the past 7 days

Odaily reports: According to Arkham monitoring, during the market downturn, a certain whale appears to have been "buying the dip" and continuously adding to its LINK holdings. Over the past 7 days, it has spent approximately $15.12 million to buy 1.405 million LINK, and its current position is sitting at an unrealized loss of about $1 million.

Notably, the LINK in question traces back to Revolut's custody wallet address on Coinbase. The market speculates that the whale may have purchased LINK through over-the-counter (OTC) trades at a significant discount, thereby lowering its actual entry cost. This may explain why the whale continues to add to its LINK position despite being underwater on paper.