According to on-chain analyst Ai Yi, the 441,000 LINK transfer to a GSR Binance deposit address involved tokens previously withdrawn from Binance and redeposited below their average acquisition price.
A wallet moved 441,000 Chainlink (LINK) worth about $3.84 million to a GSR Binance deposit address. According to on-chain analyst Ai Yi, the tokens had originally been withdrawn from Binance between June and October 2024 at an average price of $12.7 and were later redeposited at $8.69. Based on those prices, the transfer implies a loss of about $1.77 million on the position.