One shark sold $2.59 million of LYK. The token's Arbitrum pool holds $396

What DeepSea's data shows

DeepSea's live feed totals trades by wallets it tags as sharks (large, active traders). At 6:34 a.m. ET on November 6, 2026, second on its 24-hour selling list was LYK on Arbitrum: $2,593,123 sold, nothing bought, all by one wallet ending 4df3 in 8 trades. The sale was not in DeepSea's 12:34 a.m. ET reading, so it happened after that.

Third was LINEA on the Linea network: $1,369,145 sold and $62,779 bought by 2 wallets in 14 trades. The wallet ending e4b7 did all of the selling, plus $40,485 of buying, in 13 trades. Most of it was already in the 12:34 a.m. reading. DeepSea gives no names for either wallet.

DeepSea's LYK token page lists just $396 of liquidity and $61 of 24-hour volume on chain.

Data: DeepSea (desea.io), checked November 6, 2026, 6:43 a.m. ET.

What are LYK and LINEA?

CoinGecko lists LYK as the token of LayerK, a blockchain built with Arbitrum's Nitro technology, with a total supply of 1 billion. LINEA is the token of Linea, an Ethereum layer 2 network (a faster, cheaper chain that settles on Ethereum). A layer 2 token often pays for or governs that network.

Too big for the market

The LYK numbers do not add up as a normal market sale. At 6:44 a.m. ET, CoinGecko showed LYK at $0.0583, with its only tracked market on LBank (LYK/USDT) doing $263,655 in 24 hours. DeepSea's page, with a price of $0.0522, put on-chain liquidity at $396. A $2.59 million sale is about 10 times LBank's daily volume.

So this was probably not a normal sale on a public market. DeepSea's feed counts it as selling, but the data we read does not show where the tokens went. LYK is down 95% from its $1.25 record of October 1, 2024, and hit an all-time low of $0.0577 on November 2, 2026.

LINEA is a deeper market. CoinGecko showed it at $0.002244, down 5.0% in 24 hours and 18.1% in 30 days, with $7.37 million of volume across 64 markets including Binance and OKX. Its low was $0.00207 on August 19, 2026.

Smart traders lean the other way on LINEA

While one wallet sold LINEA, DeepSea's perpetual futures panel (contracts that bet on price without holding the token) showed smart traders 98% long: $894,100 in long bets from 3 wallets against $18,500 short. The longs' average entry was $0.00290, above the current price.

This piece uses data from DeepSea and CoinGecko.

What's next

• Whether the 4df3 wallet's LYK shows up on an exchange
• LINEA near its August 19 low of $0.00207
• Smart traders' LINEA longs, now below their entry price