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LINK Sharks and Whales Now Hold a Quarter of the Supply: Santiment

Published 12/04/2022, 02:19 AM
Updated 12/04/2022, 02:30 AM
LINK Sharks and Whales Now Hold a Quarter of the Supply: Santiment

  • LINK’s price has dropped over the last 24 hours, but still printed weekly gains.
  • Data from Santiment shows that LINK sharks and whales hold a quarter of the supply.
  • The altcoin’s price is currently still trading above the daily 9 and 20 EMA lines.

The price of Chainlink (LINK) has dropped 0.77% over the last 24 hours according to CoinMarketCap. The altcoin’s price has, however, risen over the last 7 days, and was able to print a gain of 3.32%. As a result, the price of LINK currently stands at $7.37.

LINK’s increase in price over the last week may have something to do with the unprecedented surge in accumulation by LINK shark and whale addresses.

According to a tweet made by the blockchain intelligence firm, Santiment, this morning, LINK sharks and whales have added a collective 26.8 million LINK in just over the last 2 months. This is approximately worth $194.3 million at current prices, and is a 12.8% increase of coins in these holders’ bags.

The post LINK Sharks and Whales Now Hold a Quarter of the Supply: Santiment appeared first on Coin Edition.

See original on CoinEdition

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