On-chain analytics firm Santiment chainlink (LINK) owner ‘big investors’ are growing steadily announced. According to the data, the record set in 2017 has already been exceeded. LINK was launched in 2017.
Indeed, the number of whale wallets where each address has at least 100,000 LINK has reached 459. As a result, they currently hold the equivalent of almost $700,000 in assets.
🔗🐳 #Chainlink is seeing its number of whale addresses continue rising as prices touched above $7.00 Sunday. The amount of addresses holding $700,000 or more sits at 458 addresses. This is the most since 2017, its opening year of public trading. https://t.co/H9j3SteMEk pic.twitter.com/G9qAny4NLA
— Santiment (@santimentfeed) October 23, 2022
Examining the Chainlink chart in more detail centimentshared an interesting detail. It turned out that the whales have spent $312.7 million and purchased 47.31 million LINK since March 2022.
Chainlink Price Action
Similar to other cryptocurrencies, Chainlink has been stuck in a certain range in recent months when the bear market made its strength felt. This range was in the $6-8.5 area. Despite this detail, LINK has increased its price by 75% since May 2022. As a result, it is possible to say that it performs better than Bitcoin.
Koinfinans.com As we have previously reported, the increase in the price chart despite the bear market is an important detail that reveals the strength of the project. Eric Schmidt, former Google CEO, who led the project, has a similar view.
Despite the general trend, Chainlink price is about 85% off from its all-time high. Given the fundamental and technical characteristics of the cryptocurrency, time will tell whether LINK will continue to grow.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.