The latest data from a leading crypto analytics firm say the number of large Chainlink (LINK) wallets has reached a new all-time high as the project’s native asset surges in price.
Santiment notes that the number of wallets holding at least 1,000 LINK reached a new record number of 27,152 on Sunday.
The firm also says that the increase in the count of large Chainlink wallets comes as the price of LINK rallied to a fresh 19-month high.
Chainlink is a decentralized oracle provider. The project’s native asset, LINK, cleared the $13.00 price level on Monday for the first time since April 2022 and is trading at $13.07 at time of writing. The 13th-ranked crypto asset by market cap is up nearly 8% in the past 24 hours and more than 72% in the past month.
Pseudonymous crypto analyst The Flow Horse says LINK could just be kicking off its uptrend.
“[People are] worried about buying LINK… because they feel they missed it. I think that between the $11.00 and $8.50 is going to look like a rounding error if we’re talking a year, two years into the future as the crypto market continues to grow.”
Large wallets aren’t just picking up LINK, according to Santiment. The analytics firm notes that wallets holding between 100,000 and 1 billion XRP now hold their highest level of the asset this year.
XRP is trading for $0.71 at time of writing, up nearly 9% in the past 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
