Chainlink, a decentralized oracle network, has been making collaborations with various companies, but its native token, LINK, has yet to recover its losses. It has experienced a 14% decline in price over the past month. However, there are signs that the token could potentially see more gains.
According to Market intelligence platform Santiment, there has been a surge in accumulation of LINK Tokens by the “shark” tier of investors, who hold between 10,000 and 100,000 LINK. This group has added a significant $9.6 million worth of LINK in just three days. The number of Wallets holding this level of coins is now at its highest level since December 2022, with 3,127 wallets currently holding LINK in this range.
Santiment’s Analysis also reveals that the group of Chainlink sharks collectively holds over 0.15% of LINK’s circulating supply. Additionally, there has been an increase in the number of wallets holding between 10,000 and 100,000 LINK tokens, with 98 new wallets since September 3rd, representing a growth of over 3.2%.
The accumulation by large LINK holders comes as the token hovers around $6.2. Despite the recent decline in price, the increased accumulation suggests that these investors see potential for future gains.
Chainlink has also made significant partnerships recently. The global financial messaging network Swift successfully conducted experiments transferring tokenized value across multiple private and public blockchains using Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This protocol facilitates the Development of cross-chain applications and services.
Additionally, Chainlink has integrated with Base, a layer-2 network incubated by Coinbase. This expands Chainlink’s integrations to a total of 12 different blockchains.
In conclusion, while the price of Chainlink’s native token, LINK, has not yet recovered from its losses, there are indications that it could see more gains. The accumulation of LINK tokens by large investors, particularly the “shark” tier, has surged to levels not seen in several months. This suggests that these investors see potential for future growth. Furthermore, Chainlink’s partnerships with Swift and Base demonstrate the increasing adoption and utility of its technology. Overall, Chainlink continues to make strides in its development and partnerships, suggesting a positive outlook for the project’s future..
#Chainlink #Sharks #Accumulate #9.6M #Worth #LINK #days #Data
According to Market intelligence platform Santiment, there has been a surge in accumulation of LINK Tokens by the “shark” tier of investors, who hold between 10,000 and 100,000 LINK. This group has added a significant $9.6 million worth of LINK in just three days. The number of Wallets holding this level of coins is now at its highest level since December 2022, with 3,127 wallets currently holding LINK in this range.
Santiment’s Analysis also reveals that the group of Chainlink sharks collectively holds over 0.15% of LINK’s circulating supply. Additionally, there has been an increase in the number of wallets holding between 10,000 and 100,000 LINK tokens, with 98 new wallets since September 3rd, representing a growth of over 3.2%.
The accumulation by large LINK holders comes as the token hovers around $6.2. Despite the recent decline in price, the increased accumulation suggests that these investors see potential for future gains.
Chainlink has also made significant partnerships recently. The global financial messaging network Swift successfully conducted experiments transferring tokenized value across multiple private and public blockchains using Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This protocol facilitates the Development of cross-chain applications and services.
Additionally, Chainlink has integrated with Base, a layer-2 network incubated by Coinbase. This expands Chainlink’s integrations to a total of 12 different blockchains.
In conclusion, while the price of Chainlink’s native token, LINK, has not yet recovered from its losses, there are indications that it could see more gains. The accumulation of LINK tokens by large investors, particularly the “shark” tier, has surged to levels not seen in several months. This suggests that these investors see potential for future growth. Furthermore, Chainlink’s partnerships with Swift and Base demonstrate the increasing adoption and utility of its technology. Overall, Chainlink continues to make strides in its development and partnerships, suggesting a positive outlook for the project’s future..
#Chainlink #Sharks #Accumulate #9.6M #Worth #LINK #days #Data
