Transferring assets to Binance only indicates a change in custody location; it does not mean they have been sold. “Unrealized gains exceeding $400,000” is also conditional. According to public monitoring reports, information, the trader bought about 1.662 million ONDO and nearly 30,000 LINK for $676,500 roughly five months ago. The value of the holdings at one point rose to $1.084 million, and about two hours ago they were transferred in full to Binance; if sold, they would yield a profit of over $400,000. The peak value is not the current value, and a transfer is not a trade. These holdings include $LINK and ONDO, but both the cost basis and the profit “if sold” are stated on a combined basis, so they cannot be broken down into LINK-only gains or treated as confirmed realized sales. To determine whether the gains were realized, a trade confirmation is needed; a “transfer” should not be taken as a substitute for a “sale”.