The largest investors control almost 82% of ChainLink (LINK) tokens of the total cryptocurrency supply. We are talking about 1% of wallets, the report says Glassnode teams.
$LINK Percent Balance of Top 1% Addresses just reached a 3-year high of 81.737%
Previous 3-year high of 81.658% was observed on 14 January 2021
View metric:https://t.co/Yu7MgXuKe8 pic.twitter.com/MdjmhXrbgv
— glassnode alerts (@glassnodealerts) January 17, 2021
The researchers note that the last time the same situation was observed on January 14, 2018. Then 81.658% of LINK were under the control of “whales” or 1% of addresses.
Such data once again confirms the desire of large players to retain the lion’s share of the altcoin in circulation, as they are confident that in the long term, ChainLink will add value.
On Monday, January 18, the LINK rate approached $ 22. The capitalization of altcoin, which has risen to ninth place in the ranking of the largest cryptocurrencies, now exceeds $ 8.638 billion.
ChainLink price soared to all-time highs ($ 23.75) on Binance recently. Then the coin rolled back as part of the correction, but below $ 19 it did not fall in price. Support strengthened in the area and LINK was able to return to values ​​above $ 20.
The activity of cryptocurrency holders now remains high, which creates conditions for maintaining the upward movement of the token. Recently Analysts Santiment found out that the number of LINK addresses in daily transactions rose to a five-month high.
The best kinds of #AllTimeHighs are when projects like #Chainlink, which hit $22.42 today, are backed by great fundamental usage. With this historic achievement, our metrics indicate that $LINK had the highest day of active addresses in ~5 months. https://t.co/KzjC2tpOUL pic.twitter.com/i4jtVVk9u5
– Santiment (@santimentfeed) January 16, 2021
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