Chainlink Whale 'Oldwhite' Used More Than 150 Wallets to Avoid Staking Limits
However, evidence has been found suggesting that the whale known as 'Oldwhite' used more than 150 different wallets to splitting wallets for Sybil attacks. This allowed them to bypass the Staking limits set by the program. Oldwhite was able to stake approximately 1.06 million LINK (equivalent to $7 million). Quite impressive!
According to Chainlink, more than 3,300 "unique community stakeholders" staked around 2,100 LINK on average, successfully attracting a wide range of participants to the program. In total, around 7,800 addresses have staked LINK tokens in varying amounts.
However, the fact that this whale was able to acquire nearly 5% of the total community allocation of 22.5 million LINK tokens demonstrates the difficulty, if not impossibility, of regulating participants who try to exploit the system using their resources and knowledge of blockchain.
In response to this situation, ChainLinkGod tweeted that there is no perfect solution to completely prevent whales from staking without trade-offs. It is unrealistic to expect otherwise. The Chainlink team allowed community OGs to stake up to 7,000 LINK without concerns about whales. Additionally, the per-address limit in the program significantly increased the difficulty and time required for whales to stake.