Chainlink’s Top Whales Reverse Course, Quietly Scoop Up $263M In LINK
On-chain data shows the top 100 whales on the Chainlink network have again started accumulating the asset recently, retracing their earlier distribution. Top Chainlink Addresses Have Been Adding Since The Start Of November In a new post on X, on-chain analytics firm Santiment has discussed about the latest trend in the holdings of the top Chainlink addresses. Santiment defines “top addresses” as the 100 largest wallets on the network. Related Reading: Bitcoin, Ethereum Plunge Triggers Near-$600 Million Crypto Long Flush This category would naturally include the largest of....
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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....
Chainlink (LINK) has unveiled a new initiative aimed at transforming the corporate actions processing system, collaborating with 24 of the world’s largest organizations of the broader financial sector. This partnership, announced on Monday, seeks to leverage Chainlink’s oracle technology, blockchain capabilities, and artificial intelligence (AI) to streamline the often cumbersome and costly processes associated with […]
Despite a slight pullback in Bitcoin and Ethereum prices, Chainlink remains strong. With a 22% rally in the last week and 4.1% on the daily chart, LINK stands as one of the biggest gainers in the top 10, trading at $33.07, at the time of writing. From the traders’ perspective, LINK’s price structure is highly […]
Chainlink price has consistently been negative as seen in the past couple of hours. Chainlink outskirting other cryptocurrencies with higher market cap The crypto is registering weekly gains of 13%; with no red zones LINK price down by 9.25% Looks can deceive and Chainlink (LINK) is a proof of that as it outskirts other altcoins that have comparably higher market cap. Chainlink is performing at its peak as seen in the past seven days, registering heightened gains of 13% with no reds evident on the charts. Today, the market was looking bullish but hints a negative....
Chainlink (LINK) has remained one of the most closely watched altcoins since the October 10 market crash, as investors and analysts position for the next major market phase. Despite the broader crypto downturn, Chainlink’s network strength and growing on-chain activity have kept it in focus as a potential leader of the next bullish wave. Related […]