Whale Accumulation Adds Pressure Ahead of GLNK’s Debut

[etfs]

A massive LINK whale has been accumulating for 6 months:

2.33M LINK acquired

Cost: $38.86M

Current value: $28.38M

Unrealized loss: -$10.5M

Large underwater positions like this often lead to profit-taking into liquidity spikes — meaning today’s ETF launch may trigger selling pressure instead of a rally.

A strong debut will require demand high enough to absorb potential whale exits.

[Nahid Hossen]

LINK’s first spot ETF could become a game-changer if it breaks the usual ETF trend.