PANews reported on October 23rd that according to on-chain analyst @ai_9684xtpa, the address 0xCEd...837b9 held a heavy position of $6.28 million worth of LINK at the peak before the 1011 flash crash. After holding the position for two weeks, it sold it at a loss, ultimately losing $1.096 million.
He bought 293,000 LINK between 12:50 AM and 1:14 AM on October 11th at an average price of $21.4. Just four hours later, the price plummeted to $7.9, instantly reducing his assets by 63%. He still lost 18% when he sold his holdings two hours ago at an average price of $17.55.
