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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.Interestingly, the same whale has engaged in different activities before this latest deposit. Notably, between Dec. 14 and Dec. 18, the whale withdrew massive LINK from Binance. The whale pulled out 595,000 LINK worth approximately $17.31 million from the exchange.At the time of the withdrawal, the average trading price of LINK was $29.10 per token. However, the asset has since dropped, drawing on the market volatility and the accompanying losses. This price differential means the whale is experiencing an unrealized loss of about $4.5 million. Notably, the whale has lost an average of $7.88 per token due to price depreciation on Chainlink. Hence, he would suffer a massive loss if the whale chooses to sell the 250,000 LINK on both exchanges as the transfer suggests. This has prompted staking speculation among some sectors of the community. The whale might stake until there is a shift in market dynamics. For instance, the market volume of Chainlink is up by 1.77% to $740.69 million, which implies a slight uptick in traders’ interest.Whales at the time mopped up the tokens dumped on the market by retail investors to sustain the price increase. The cumulative value of the tokens comes in at about 5.69 million LINK over the past few weeks.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.