A whale sold over 138,000 LINK to raise funds to "save" a Hyperliquid high-leverage CRCL position

Odaily News: According to Arkham monitoring, the whale mtAAVEbank.ETH sold over 138,000 LINK worth $1.9 million 6 hours ago, when BTC had not yet fallen below $84,000. The whale is suspected of selling LINK to fund its 8x leveraged CRCL position on Hyperliquid. The position was once down more than $1.25 million. It currently still holds over $21 million in digital assets, mainly stablecoins, of which more than 10% of the funds came from Aave borrowing.