Whales in the last four months, acquires 15.2 percent of the LINK supply. More so, this is despite the volatility around the coin. Also, The LINK records high point at $34.78 on September 6. Meanwhile, the lowest level is around $13.78 on 13 July.
Furthermore, Wallets with 1 million to 10 million LINK owns massive 167.7 million tokens.
Additionally, This amounts to $431 million. Generally, the wallets now hold 16.8 percent of the LINK supply.
“🔗🐳 #Chainlink sits at a modest $25.70, but whale traders are staying busy & adding…”
“to their bags. Addresses with 1M to 10M $LINK now own 167.7M tokens worth $431M…”
“In the last 4 months, through this volatility, these whales have added 15.2% more $LINK.” — Santiment (@santimentfeed) October 19, 2021
62.7 percent of supply Held By Top 10 LINK Whales
More so, Santiment reports that top 10 Chainlink whales are holding tight their crypto riches. Meanwhile, they only redistribute their LINK stashes to investors with smaller wallets.
However, It’s still 51 percent below its former all-time high of $52 in May this year. Currently, it’s trading at $25.7.
This shows that it records 73.72 percent decline to a $13.7 low in June.
Furthermore, Chainlink partners with Cardano during Cardano Summit 2021 in September 15. Lastly, The largest Proof-of-Stake blockchain are ready to leverage Chainlink oracles for developing advanced smart contracts.
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