More than 80% of LINK is controlled by 125 wallets
New research from Glassnode indicates the top 1% of Chainlink holders control nearly 81% of the token’s supply. According to crypto market data aggregator Glassnode, Chainlink’s (LINK) token distribution is at record levels of centralization — with more than 80% of LINK not held on exchanges currently residing in the top 1% of Chainlink wallets. Glassnode’s research found that 81% of LINK not held on crypto exchanges of smart contracts is currently stashed away in 125 wallets, with the number of tokens held by Chainlink’s whales steadily increasing over the past two years.When including....
Related News
Chainlink (LINK) has been a standout in the crypto market recently, registering an 11% increase over the past six days, even as the broader crypto market sentiment remains subdued. Will Uptober Start Early For Chainlink? A significant factor that might be driving this price action is the behavior of LINK’s major holders. On-Chain analysis firm, Santiment, highlighted this in a recent tweet, stating: “Chainlink’s key shark tier that holds between 10K-100K LINK has been on an accumulation spree.” Diving deeper into the data, there are now 3,127 wallets holding between....
Carbon Wallet, a new service seeking to be the next great innovation in secure online wallets, is launching today. Currently, there are two major types of online wallet: server-side controlled wallets and client-side controlled wallets. In a server-side wallet (eg. Coinbase), the actual wallet is controlled by a server which independently maintains all of its' users like a bank account, and in a client-side wallet there is an actual fully-functional Bitcoin wallet operating inside the user's browser, and the server only holds encrypted backups of each user's wallet - to which only the user....
Chainlink (LINK) has managed to break through the critical resistance level at $6. This unexpected surge in price can be attributed, in part, to the relentless accumulation of LINK tokens by large wallet investors, known as sharks. The trend among these influential players has been particularly pronounced, and it could hold the key to Chainlink’s bullish resurgence. On-chain date cited in a report has provided valuable insights into this remarkable shift in Chainlink’s fortunes. According to their data, the shark tier of investors has swiftly acquired a staggering $9.6....
Galaxy owners will be able to connect hardware wallets to their smartphones and transfer coins to the built-in wallet that comes with most devices in the popular lineup. Samsung says that makes it easier for users to access their cryptocurrency and make transactions. Update Allows Galaxy Users to Link Their Crypto Wallets to Cold Storage Devices Samsung has released an update that will increase the utility of its cryptocurrency wallet, first introduced with the Galaxy S10 series two years ago. The app can now link to select hardware wallets such as Ledger Nano S and Ledger Nano X. The new....
While the broader crypto market is currently trying to recover from the shock surrounding FTX and the accompanying fears of a contagion effect, Chainlink has recorded the highest price increase within the top-100 by market cap within the last 24 hours. At press time, the LINK price was up 6.2% from the previous day, trading at $8.71. Over the past seven days, Chainlink has even posting a whopping plus of around 13%. Trading volume has grown to $1.435 billion in the last 24 hours, up 161% from the previous day. Related Reading: Will Binance Oracle Hamper Chainlink Growth Amid The Bullish....