While several other altcoins have been in the news off late, it will be a good time to pay attention to Chainlink (LINK). The oracle service provider cryptocurrency has been hovering around $35 levels with strong going whale accumulation. As on-chain data provider Santiment reports:
There are currently 64 addresses that hold between 1M and 10M $LINK. In just the last 4 days, these whale wallets have added 1.89% of the #Chainlink supply to their cumulative bags. They’re now up to 18.01% of the total supply, a new #AllTimeHigh held.
Courtesy: Santiment
Unlike other altcoins, Chainlink (LINK) hasn’t aggressively participated in the altcoin bull rally recently. The Oracle service provider has given a decent performance with more than 20% gains over the last month.
The Chainlink ecosystem continues to gain strength on fundamental grounds. As more and more players within the DeFi ecosystem use Chainlink oracles, to communicate across networks, Chainlink continues to gain more market pre
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